Make Sure You’re Protected

We are well on our way to a fairly standard doji day today. Im Japanese candlestick terminology, a “doji” is a term meaning a tight range day of indecision with the open and close essential the same price. On doji days, overtrading is usually the biggest mistake that you can make since the market is going nowhere. I suggest casting a skeptical eye over any potential trades you make today, long or short. That said, this type of price action is to be welcomed after the wild moves over the past few weeks and even months. A period where we go dead for a bit should be constructive for setting up more charts properly, and I look forward to it. For now, though, if you are an active trader then today is probably not to the day to try to make a bunch of superstar daytrades.