One of the truest things I've heard recently was "It's SOOOO nice not having to pick which way the stock is going!" That came from a one-on-one coaching student of mine that had fallen into the trap of over-analyzing charts and looking for "that one right" indicator. Not having to pick a direction had taken a huge burden off her shoulders.
I don't know how many times I've told people that trading is not about being right—think "credit spreads and calendars"—but rather, it's about managing the trade. And with the non-dirctional strategies, like this trading student is learning, direction is even less of a factor.
Here's a chart of AAPL. Which way is it going? You can click to open a Read more [...]
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