Tomorrow is Only A Day Away – Will You Trade With An Edge?

January 21st, 2008

This feels eerie to me – the entire world’s markets are on the verge of collapse having their worst drop since 9/11 and the US markets are mostly left out in the cold building snowmen on their vacation day.  What will happen tomorrow?  I have no idea, but it’s days like this that remind me why I don’t hold positions overnight.

My advice?  Play tomorrow very cautiously – it’s easy to get all wrapped up in the excitement of extreme volatility.  Just ask yourself – “Am I trading with an edge?”  If you can’t confidently answer yes to that question then the trade you’re about to take is really just a boredom trade on a fast day.

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