My New Approach To Summer Trading
I’m not. Yes, for the month of July, I will not be placing one trade. Why?
- The month of July is hands-down my worst trading month of the year. It always has been and I always trade through it. Not this year.
- Summer trading is generally not a great time to trade for swing or trend traders. The markets generally enter into consolidation on the large timeframes. This year is no different. So why even stress all the chop.
- Thinner markets make for unpredictable moves. I’m in the business of finding the predictable moves and that just gets harder for me in the summer.
- Study my trades during the 1st half of the year. This will help reinforce my rules and help me determine setups that stick to those rules. I’ll also see how my mistakes have been costly and maybe even set up more rules to avoid them.
- NOT trading is a still position.
- More time devoted to self and family. Lots of traveling in store this summer :-)
So while I will be definitely watching the markets and, even write out some thoughts or post a chart, I will not be trading this July.
Disclaimer: Take this into consideration, when reading any tweets or thoughts I may have on the markets. They are opinions that I’m just not trading at the moment.
