Anyone scalping the FTSE Futures??

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And now some mildly negative economic news out of Europe...so down we go again?

Gotta love manic-depressant markets...
 
And now some mildly negative economic news out of Europe...so down we go again?

Gotta love manic-depressant markets...
Your sig: RULE 1: Trade what you see, not what you think.

I thought global trading rule number 1 was "Don't lose money".
 
Your sig: RULE 1: Trade what you see, not what you think.

I thought global trading rule number 1 was "Don't lose money".

I lead by example... :) ... and the rules serve my objective. You may have your own rules. In fact, care to share them?
 
I lead by example... :) ... and the rules serve my objective. You may have your own rules. In fact, care to share them?
Rules / advice.
Ignore all news channels, they wont tell you why the markets are moving they will just promote their own agenda and tag it on to the move.
Stops are for people who trade as a second job. If you cant watch your trade for the duration and be able to close it at any time then HODL.
Indicators work until they don't, just like everything else, it's voodoo.

Markets move for a reason your job is to watch WHEN they move and ask yourself WHY it will take you years to work this out and some just wont get it.

In summary.
1. Work out what makes markets move and tag along for the ride.
2. Don't lose money. (Make sure you have enough capital to ride out the moves).
3. See rule #2.

One top tip - The S&P has closed a down gap 100% of the time for its entire history.
 
There's the second stage boosters kicking in, were going to the moon.
Happy 4th July everyone.
 
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