A trader's ego is the 'hidden enemy' from within. I was commenting to my fellow trader on the possibility that the FCPO market had 'capitulation' Friday lunchtime, with the stale longs liquidating contracts in the morning at 'whatever price'. The response was, "Really? But seems to be still downtrend, with heavy selling and bearish data..." Price action is king, the trader's opinion is rubbish.
FCPO Crude Palm Oil Futures Trading
PROGRESS - IT IS ABOUT MOVING FORWARDS, NOT BACKWARDS. "Two steps forwards one stop back, not One step forwards two steps back." Comprender? These are chronicles of my rambling thoughts on the market, and should not be construed as trading advice. If you don't like the content just hit the 'back' or 'close' button on the browser
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