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Trade Lesson: Patience Is a Position

Posted by Aadil on April 2, 2011 at 8:23am
This trade lesson depicts a market scenario that occurs on occasion and needs to be recognized. On Thursday, the 31st of April the major stock indexes were trading basically unchanged after some early morning volatility. The the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) were trading in a 0.40 cent range for most of the session.  Investors and traders alike were waiting on the highly anticipated government job report that was released the following morning at 8:30 am EST.  This makes the markets very dull after the first two hours of the day. Short term day traders must be especially careful in this type of trading environment as computer algorithms take over and try to stop out the small amateur scalp trader. Traders must take advantage of the trading opportunities presented when the market is active and the volume is at its peak. After that higher volume period subsides trader's must be very selective and focus on trading only when the probability is on your side.  Remember the oil market adage, "don't be a cowboy as cowboys get shot." Therefore, once the pro traders see this type of light volume, range bound action, they will take a step back and wait for the markets to tell them what to do. That is the point when the big money is made. This market presents many opportunities for creating massive wealth, be ready for the opportunity by being patient in this type of environment and pouncing when the moment is right.  On Saturday, the 16th of April we will be conducting our world renowned webinar "Methodology Revealed."  This "Methodology Revealed Webinar" will open your eyes to the market in a way you never thought possible. In the webinar you will learn InTheMoneyStocks proprietary time counts and cycle techniques which have nailed the major & minor moves in the markets, how to read and chart anything in a truly scientific yet simple way, identify tops/bottoms in any market, calculate pattern like the Pro's, live chart analysis and much, much more! Most importantly, learn the key tools that no one else is teaching. Learn the exact key trading tools and techniques our Pro Traders use everyday to profit from the markets -- and apply it the very next trading day! 

Nicholas Santiago
www.InTheMoneyStocks.com
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