Whipsaw Jumpy Markets

The markets have been so crazy and whippy over the past year or so, it's just knocking out traders right and left. I've been left with multiple wounds from my beatings as well.

However there is one thing you gotta learn and that is to just be cool and have patience. Don't get too exicited and let your emotions dictate your trading. You gotta have your entries planned in advanced, your targets planned in advance and your stops planned in advance before you pull the trigger on your trade. If you don't have those down first, and STICK TO THEM NO MATTER WHAT, then you will lose money time and time again.

So, when you get into a trade, do your homework and make sure you got everything solid on what you are going to do BEFORE pulling the trigger. Then, once you pull the trigger and get into the trade, you just need to relax and BE COOL....