Peter wrote the following in the latest entry of his blog:
'If you can’t see a clear opportunity in the market then there probably isn’t one there.'
I don't know about you guys, but I've lost loads of money in the past from trading when the market isn't offering anything worthwhile!
Warren Buffet once said that:"If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
Maybe something similar applies in trading - if you're in a market and you don't know who the paymaster is, then you're the paymaster!
Jeff
