One of the worst things a trader can do is to trade when you don’t have an edge.  Financial television has a tendency to get traders off their game and focusing on items in which that have little edge.  The market has turned from a full-on bull market into at best, a trading range.  The techniques that worked for the past eight months are no longer working.  Forcing trades will only serve to magnify drawdowns.  In that light turning off the television can help traders.  In today’s screencast why it makes sense to turn off the TV during trading hours.

Items mentioned in the above screencast:

Turn off the television.  (The Fly)

“My advice: if you are involved in the mkts on a daily basis, turn off CNBC.”  (@AlphaEdge)

How to avoid going on tilt during tough market times.  (chessNwine)

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