Hello traders and MarketClub members everywhere! I would like to share with you a little ritual that I go through at the end of every month. This monthly ritual is not a little happy dance I do (although I do a happy dance when it has been a very good month). This monthly ritual is not very technical, it's very visual and one that you can do in a matter of seconds using the MarketClub charts. You will see right away what I am talking about when you watch today's video.
Many traders are superstitious and like routines and little rituals. I first ran into this when I became a member of the Chicago Mercantile Exchange. I used to watch with amusement as certain members of the exchange would have a special way they would enter the trading floor. Whatever their ritual was it had to be the same way every trading day otherwise in their mind it would be a bad trading day. Continue reading "Why The Last Trading Day Of February Is That Important"