Look Up!
Like watching our footing on the forest trail, this focus on the minutiae of market movements is essential for navigating the terrain safely and avoiding missteps.
However, just as we must occasionally lift our gaze from the forest floor to appreciate the broader panorama of the redwood landscape, so too must we maintain perspective in our trading endeavors. Being "in the zone" is vital, but it's equally important to recognize where our trades fit within the larger market trends.
If we find ourselves aligned with the prevailing tide of a significant market trend, perhaps a momentary setback warrants patience rather than panic. Conversely, if we discover ourselves swimming against the current of a broader trend, it may be prudent to reassess our position and course of action.
So, while it's essential to remain present and attuned to the nuances of the market, let us not forget to periodically "look up" and contemplate the broader trends shaping our trading landscape.
Trade 'em Well,
Sean McLaughlin
Chief Options Strategist
All Star Charts, Technical Analysis Research