The Weekend Trader – Everything is NOT a Nail!

This week’s video edition of The Weekend Trader focuses on the importance of ADAPTING to various market cycles and rhythms to be successful on a daily basis, and helps explain why the S&P Trader “Jellie” term that we coined a few years ago has resulted in commonplace use in the trading industry.

Said another way, many industry “experts” (I thought long and hard about using that term) and vendors choose to have you focus on a single market cycle, rhythm, or dynamic … which we’ll call a “nail” … and which is naturally because they’re typically really good at hammering, or they’re trying to sell you a hammer.  So everything looks like a nail.

Well, here’s a news flash.  Everything is NOT a nail, and learning which market cycle or channel is in play during any given 5-minute interval, hour, or day, will keep you profitable in ALL markets.

As noted in Wikepedia, Abraham Kaplan is often credited with creating this “law of the instrument”, when he stated: “Give a small boy a hammer, and he will find that everything he encounters needs pounding.” 

All I’ll say is isn’t it time we separated the trading men (and women) from the boys (and girls)??

Then again as I state in the video, that would take … um, work? And we wonder why the losing traders so outnumber the constant minority who adapt and succeed!

I also discuss the current PivotPoint Advisors trade sequences in progress given current longer-term market dynmaics, as well as deciding to retain the $250 Jellie S&P Trading Webinar discount for just a bit longer to try to continue to “pound” (pun intended) the point home.

Just email me at don@donmillereducation.com if interested and I’ll email a discounted invoice.

Have a wonderful weekend and trading week.