I spent most of the long weekend studying the market. I am reading a book by Mark Douglas called The Disciplined Trader. It is very insightful. This book came from a recommendation by Tom “Dutch” Holland with Masterswingtraders.com. I am now a member of his site. Well with all of that said we are testing everything before going live with any of it. So I imagine I will be in study mode for a while.
One of the main lessons I have been reminded of is that the markets are reality. So seeing the Santa Clause Rally this morning will be interesting to watch. Whether we are right or wrong does not matter. It is whether we control our losses and make some money that is important.