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The “When to Stop Trading” Indicator
04/18/2012 11:20 am EST
Rather than forcing trades during down times when high-quality set-ups aren’t there, Hubert Senters looks for a specific sign each day that suggests that the best trade may be no trade at all.
One of the most frustrating things about trading is waiting for the next trade. In the process you may find yourself forcing trades or doing impulse trades.
In most cases, the doldrums are in effect from about 11:30 am to 2:30 pm ET, but in some cases, it can be longer or shorter depending on what’s going on in the market. In this short video, I’m going to show give you a tip on how to identify when the doldrums are starting and when they are coming to an end.
See also: The Best (and Worst) Times to Trade
Remember, the name of the game is not to grind your account into dust. Your job as a trader is to find the right trades and execute, not trading just for the sake of trading.
Focus on patience and being very picky on your trade set-ups and try to avoid the doldrums like the plague!
Watch the video below for more:
See related: A Pro’s Favorite Safety-First Indicator
By Hubert Senters, co-founder, Trade The Markets