Your Daily Bit of Wall Street Wit & Wisdom

Buddha statue

Buddha on Lotus Throne Statue, h/t dharmacrafts.com

“Three things cannot be long hidden: the sun, the moon, and the truth.”
— Buddha

For traders, market price is the truth.

We study the character of the behavior of market price movement to determine who has the edge, buyers or sellers, along with when and where the balance of power is likely to shift.

Price may not always reflect truth in life.  For example, price can be artificially influenced by government subsidies.  Low fast food prices don’t reflect their true cost.

Central banks can pump money to inflate prices.

Each day, your positions are marked-to-market.  That determines whether you have profit or loss.  And that price is the true bottom line.

Have a truly great weekend!

Best regards,

Steve

Leave a Reply

Your email address will not be published. Required fields are marked *