TSBTV#66 - Making Adjustments
Posted on: May 18, 2009
Sometimes the market throws us a curve. And by a curve, I mean it acts differently than we may have expected. At times we miss it by a mile, and other times we’re just a little off, but it does happen and that’s part of the game.
In fact, accepting that is part of being a trader. We have to know that adjustments and adaptation will be needed, and so it’s always a good idea to have a few if/then scenarios for possible plays - just in case we need to proceed with “Plan B.” After all, it’s gonna move somewhere, and it sure is nice to be able to participate.
Well, today was one of those days for me. I just didn’t expect a huge bounce like this to have arrived on such pathetic volume.
So here in Episode 66, I’ll show you how I was thrown off by today’s move and how I responded. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
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