Thursday, September 29, 2011

Going Flat

I am a bit confused. When confused - do not trade. I am torn apart by two macro scenarios, which preclude me from making a clear and definite choice from which side to trade the market. Being a macro trader I have to follow my rule: when unsure about near-term market outlook -- go flat. I will be weighing econodata and corporate reports to clarify my position on the market. I do not have any technical bias at the moment either, which complicates further my overall decision making.
Many people think that traders have to be long or short. Flat is a position too. I am going flat...

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