The low volume market action that we had lately is common when the market is either consolidating quietly or in a slow-motion melt-up and that isn’t as conducive to finding extremes to make us take immediate action, kind of boring trading days where our patience is tested.
Your trading system should be simple, If there's an edge, get in, If it is no longer there, get out. Everyone has ups and downs, just don't abandon what has been working .
Our mission as day traders is to participate in the market when it moves or is trending and to avoid sideways or range bound markets, where the whipsaw action defeats the purpose.
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