I am really amazed with this Ghost month story and I believed they are not looking in the charts history at all.
A sign of poor trading system. You should put more effort.
From year 2002 to present, Dow All up in month of August except 2010. The Green marks are months of August. Most declined occured in the month of June, not August.
Phisix side ways in month of August.
To make money trading, you do not need to forecast the future. You have to extract information from the market and find out whether bulls or bears are in control. You need to measure the strength of the dominant market group and decide how likely the current trend is to continue. You need to practice conservative money management aimed at long-term survival and profit accumulation. You must observe how your mind works and avoid slipping into greed or fear. A trader who does all of this will succeed more than any forecaster. . A. Elder
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"October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February." ~ Mark Twain
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