Forex

Almost everything that we say or hear about the market falls into the ungrounded world.
Ungrounded assessments create never-neverland market analyses. Here are some examples of
ungrounded market assessments.
• The market is topping out.
• The market is oversold (or overbought).
• We are in a third wave.
• This is a short covering rally.
• One should never take more than a $500 loss.
• Never risk over 2 percent of your total equity on one trade.
• The seasonal activity will take this market higher.
All of these statements are totally ungrounded assessments and do not, in any accurate way,
describe the market or market behavior. Ungrounded assessments create chronic losers. If you
are a losing trader, I can assure you that one of the principal causes is that you are making
decisions based on ungrounded assessments. Grounded assessments are real, verifiable,
unambiguous, and accurate, and they come directly from the market itself.