Feb

16

When looking at a snapshot of a particular sport which you are attuned to, you can tell in an instant whether the person displayed is an amateur or a professional.

It's a bit like the markets. If you watch a market move day in day out, you can look at it at any one time, and have a reasonable "feeling" of how this market is set up.  If you rarely look at a particular market you don't have that feeling and are trying to make decisions based far too much on assumptions to do with how your core market may have performed (and not this particular one).

It is important I would say, to not try to trade too many markets, when speculating, as each has its own rhythm, and you must know this inside out. It is useful to ask whether any market snapshot in time, is the work of an amateur or a professional.


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