Sunday, December 19, 2010

In the pocket

When a quarterback sits in the pocket for too long how good of play could it be?

When a sleezebag stares at your women for way to long, how good of a sleezebag could he be?

"In other words, when plotting out your trade, it is not only if a price level is reached but how long the market spends there.   The vast majority of traders I know trade on price, but not on time.  How many people have you heard say that if you take a position and it doesn’t go anywhere in in 20 or 30 minutes, then you should get out?  I’m here to state that time is the most important factor in trading.  If the scenario you’ve envisioned doesn’t materialize within a certain time frame, then just move on and look for the next trade."

-Mark Fisher

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