Weekends With Dr. Phil & Allstarcharts
October 20, 2013
Phil and I got a little bit more philosophical in this week's video. We talked about the importance of going to cash as trader and money manager in order to give yourself a mental break. I just did that last week and I'm feeling great, ready to rock & roll Monday with a fresh mindset. We also talked about trading the chart that's in front of you. As much intermarket work and correlation analysis that we do, sometimes it's easy to get caught up in what "should" happen. But I think Treasuries rallying in the face of a strong stock market is a good example of trading what's in front of you, focusing on price, and making sure you realize that everything else is just a supplement to that.
Enjoy!
Tags: $SPY $TLT $SPX $NBG