Thought of the Day…

“Pros  care very much about who is in the markets and why markets are moving. The principles provide a framework for making sense of market behavior, which then can be used to filter the setups provided by charts, cycles, and the like. The really good traders understand markets; they don’t just predict them.”

– Brett Steenbarger

4 thoughts on “Thought of the Day…

  1. So go beyond technicals and ‘Everything I need to know is in my charts’ mind set, just don’t obsess, awareness and hopefully understanding? For example bond auctions, options expiring, earnings reports …

  2. congratulations, with that response you have successfully succeeded in making me incompetent, hope your more competent followers approve

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