Saturday Morning…

This is a good time to think back about things.

Here are two important things I recall from my mentors, 56 years ago when I started trading on the CME floor.

1. For short term trading: Don’t make this too difficult, buy when things are going higher, sell when things are going lower, no one ever knows what anything is worth.
2. For Long Term position trading, do your research and develop a story that you believe. Don’t get out until either the objective is reached or you are stopped out.