Trading Wisdom

Let us look at a few fundamental qualities you have to obtain and preserve. In order to win at trading the markets you have to be willing to gain a set of qualities that would enable you to think and act in a way that will open your eyes and mind for what the tape is telling you. You have to clear your mind of every expectation, bias and prejudice. 

Only then when you closely observe the tape you begin to realize it is speaking to you in its own voice. Every stock, commodity, currency, bond and index has its own behavior. Once you learn to observe it you would be ready to trade. As soon as you start looking at the tape with the mindset that it is the only thing to tell you what you should do you will learn to cancel all background noise and focus on reading the tape.