Think Like A Trader Blog

Monday, 1 February 2016

And So Begins February

Reading Time - 2 Minutes

Into February we march!

It was windy, wet and dark in Scotland this morning. It's windy, wet and dark in Scotland most mornings, to be honest! But today marks the 1st of February and so, the launch of the Jedi Live Trading Room, so that was something to look forward to.

On Friday the FTSE pushed above and closed above the 6000 level. This is an important psychological level in the market. Above 6000, everything is looking A-ok. Below it, and economists and traders are expecting Armageddon and advising you to dig out your freeze-dried pouches of food and move into the hills with a tent.

So we were out of the Amrageddon scenario, which is a good start for a live room! I didn't want my first piece of advice to be - Panic! The world is ending!

Ok, so I'm joking, but it certainly does seem that way when you listen to the financial news and the markets have dared to sell off. People should buy forever, driving up prices at a steady rate, according to these financial oulets. And woe to you should you dare to sell or view the market as overinflated and withhold your money.

Anyway, it was great to see so many people in the room this morning. We had a nice easy trade and were finished relatively early. Now I'm finished for the day and off out into that windy and wet day - at least it's no longer dark!

I hope you have a great trading week!

1 comment: