Trading is an art.
Many markets participants (note not called "traders") enter the market with a lack of discipline and plan and lose until a desire is there to follow a clear route / trading plan to succeed.
But we all know that there is a certain "feel" one develops for trading. This "feel" is developed by experience.
When trading in thin market conditions during holidays the market's behaviour may lay certain wrong "foundations" in your experience, in other words because you experience the moves / or lack of moves (momentum) in holidays you expect them to continue during peak times.
Or you may trade in holidays with a certain expectation with regards to momentum and daily ranges based on experience from peak times and then end up losing money because of "thin price action".
True? False?
What do you do and use to switch your holiday trading mode on and off?
Or did you make so much money during the year that holidays are needed to spend it?
Who / How would you advise to trade in holidays?
Many markets participants (note not called "traders") enter the market with a lack of discipline and plan and lose until a desire is there to follow a clear route / trading plan to succeed.
But we all know that there is a certain "feel" one develops for trading. This "feel" is developed by experience.
When trading in thin market conditions during holidays the market's behaviour may lay certain wrong "foundations" in your experience, in other words because you experience the moves / or lack of moves (momentum) in holidays you expect them to continue during peak times.
Or you may trade in holidays with a certain expectation with regards to momentum and daily ranges based on experience from peak times and then end up losing money because of "thin price action".
True? False?
What do you do and use to switch your holiday trading mode on and off?
Or did you make so much money during the year that holidays are needed to spend it?
Who / How would you advise to trade in holidays?