The best traders typically are the most consistent traders. In order to be a
consistent trader, it is important to consistently apply one's methodology to
the market and make as few errors as possible. A trading error is when a trader
deviates from their methodology. Common errors include
First off, I believe that news announcements are almost totally unpredictable.
As you may know, there is usually a "forecast" and a "previous" number listed
before the news announcement is made. The market's reaction is generally based
on whether the actual announcement is higher or lower
