“Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it. Losers try to build a stool with only one leg, or two at the most.” – Alexander Elder
Base-case assumption remains that after the fairly classic action we witnesses last week, FOMC + OpEx drift dynamics will largely be in control this week. Keep an eye on the VIX (one of the best ‘tells’) and remember that a lot will also be viewing this ramp in the context of getting ready for ‘Sell Rosh Hashanah / Buy Yom Kippur’.
