Today’s market is chopping, hanging around a small range. There is no much volume. Good that I recognized it and stop trading when there was no real movement and took small profit every now and then. I kept my net positive.
About today’s market, there’s a good read in traderfeed about today’s market
"reduced volume compared with recent norms; drying up of volume as we approach range extremes; choppy trade with frequent reversals of market moves–a sign that locals are dominating trade; and the absence of trending moves in markets that often drive stocks (bonds, currencies). It’s much easier to frame intraday trading ideas if you can figure out the character of the trading day."
Via TraderFeed
It’s important to get a sense of the market before going into any trade.
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