One of my favorite Wall Street expressions is, “Differing opinions make markets.” And to quote, Paul Simon, “One man’s ceiling is another man’s floor.” Man, that was a good song; I think I had it on 8-track.
The cartoon above is a good reminder to keep calm and approach your trading with a cool, unemotional mindset. But how do you do that?
At Options Hotline, our approach is to be prepared for whatever the market does. That involves having your risk be always known and completely limited. We have a complete game plan for trading success. Our plan is built on the cornerstones of mind, method, and money management.
Successful speculation is as much about honing your survival skills as it is selecting winning trades.
We’re heading into a long weekend, with a markets fast approaching a potential curve. Keep a cool head, eyes open, a steady hand on the wheel, and buckle your seat belts.
Have fun and enjoy the ride, vying for profit.