Considering the Contrary Trade in a Market Melt-up

04/15/2013

Considering the Contrary Trade in a Market Melt-up

By the Disciplined Trader

I went into this trading week flat after covering my short position two weeks ago at 1560 for break even. I felt suspicious that the market was not ready to drop and was proved right as the S&P hit a high of 1597 on Thursday. By adhering to my trading rule that a trade should be profitable from the start, I have prevented losses and am rationally ready for the next move...continue reading.

The Disciplined Trader is an average guy who has little fundamental knowledge of the financial markets, yet he consistently makes money trading. He simply applies the basic rules of trading discussed in bettertrader.co.uk and executes his trading techniques applying great discipline.

Posted by Better Trader on 04/15/2013 at 03:08 PM in S&P 500, The Disciplined Trader | Permalink

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Better Trader

04/15/2013