Is the Market Getting Ready to Meltdown?
You are probably scratching your head at the headline here. I feel like I can already hear you asking me…
"Tom, the Dow just passed 30,000 for the first time ever. How on earth could we expect the market to melt down any time soon?"
Well, I'm here to give you a reality check…
It's not about what happened on Tuesday or Monday or the week before last or anytime before that. Successful trading happens one day at a time.
Let me repeat that again for emphasis. One. Day. At. A. Time.
This is something successful traders keep in the forefront of their minds at all times. Because here's what happens: On weeks like this week, some traders - especially the inexperienced ones - get the impression that every week in the markets is going to look like this one.
Here's another reality check: Every week in the markets is not going to look like this week. That's a fact.
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