Diary of a Trader 6.14 —The Markets Are Manipulated

Today was a busy day both in & out of the markets. Outside of trading I had an excellent day of doing thigns that I wnated to do. I was able to complete a 7+ mile run this morning in a quality time. Make it back in time to see the opening World Cup match. Head out to a family farm day with the wife & kid. Then finally help out with a community fundraising event in the evening.

On the trading side of things, while yesterday featured fundamental releases from the FOMC, today featured an important statement & a press conference from the ECB. Now I am far from a guru when it comes to fundamentals, but I’ve been around long enough to understand how the game works and I’m pretty confident in saying that the ECB purposedly delivered neagtive news that would limit the impact of the positive news that was out the forefront. If you’re Tier One Trading Premium or Trial member, check out today’s Trading Edge video where I go into more detail about that, but this is one of the reasons that I’d much rather base my trading decisions off of the story that the market has already written (technicals), instead of what I think the market is going to write (fundamentals).

Absolutely zero trades taken from me this week and you know what, I’m perfectly fine with that. thus far it’s been a good year, a good quarter & even a good month. And because I don’t get monthly performance goals, or have any quotas that i have to meet, there’s simply no need to rush. My goal has always been to take what i deem to be THE BEST trading opportunities, and I will continue to do just that.

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Trader — Trading Coach — Host of The Trading Coach Podcast — Author for Entrepreneur & FX Trader Magazine — Proud Husband & Father — Sports Nerd & Coffee Addict

Trader — Trading Coach — Host of The Trading Coach Podcast — Author for Entrepreneur & FX Trader Magazine — Proud Husband & Father — Sports Nerd & Coffee Addict