The Trader Daily


Bob Byrne

 | Jul 03, 2014 | 7:30 AM EDT
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Regardless of one's timeframe, the major equity indices are in a bull trend. I don't think there's a trader alive that would dispute this statement. But what's important for active traders to remember is that when markets are locked in strong and persistent trends, bad trades and investments (in the direction of the trend) often get bailed out.

I see it on Twitter, from the guys I trade with on a daily basis and in my own trading. Sloppy trades are made, excessive risk is taken for mediocre (or less than mediocre) reward, or discipline is thrown completely out the window. The bottom line, however, is that a strong trend forgives an inordinate number of poor decisions. ...467 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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