A challenging day to trade stocks…
Learning how to not lose money is an important skill. Light volume days are the worst trap to force bad trades. Many trading patterns appear like solid opportunity but are nothing more than a money vacuum.
In today’s list of stocks to trade, we expected a pause today, but we traded over 100 million shares less than last Thursday. That is tough price action and volume for a confident trade.
The FOMC is this week and some key earnings. Be patient, we aren’t getting paid by the hour.
Better trading is around the corner.
Stock Trading Recap 10-26-15 | Monday Video
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End of Day S&P 500 Map 10.26.15
S&P 500 heat map shows a mix among large-cap stocks. AAPL took a hit today on some news about one of their suppliers.
SPY End of Day Chart 10.26.15
Very light volume today yet basic materials continues to get selling.