Before I do a formal data run in an hour or so I thought it might be interesting to look at some interim charts. At our last Mentor Program get together I tried to instil that trading is a profession of listening and waiting. In my opinion it is not a profession of doing really all that much and this is what causes problems for people. As you would expect new traders come to trading inoculated by images such as the video below – they feel (want) to be part of this, to be where the action is.
As such it is difficult to convince new entrants to the game that this will not be their life – their life will be sitting watching and waiting. And waiting entails looking at charts like these.