Talking Points:
• Retail speculators as a group reflect a slew of bad trading habits
• Trying to pick tops and bottoms, letting stops run and taking profit too early are a few behaviors
• We can use the SSI to see how retail traders have positioned around the EURUSD, GBPUSD and SPX recently
Log in or sign up for DailyFX-Plus to access the SSI and see how retail traders are positioned in the majors, gold and S&P 500 a daily basis!
There are good traders and bad traders. Yet, amongst the retail speculative group, bad trading habits are common place. We can use this as a guide when we craft and apply our trading strategy. Picking tops and bottoms, letting stops run and focusing on single trades rather than repeatable strategy are offenses we can readily see in the DailyFX Speculative Index Index (SSI). In today's Strategy Video, we use this SSI and discuss a few - of the many - good trading practices we should observe.
Sign up for John’s email distribution list, here.
