What sorts of errors did a young trader like myself make earlier in his career? All of the usual – i.e., expensive – ones. A short list of my mistakes looks something like this:
Cocoa closed higher in range trading. Very little has changed fundamentally, and that could become a challenge for the bulls as the market needs news to keep the move higher intact.
Traders have a busy week of economic reports next week including the December FOMC meeting, CPI readings and a number of housing reports.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.