Archives of “volatile market” tag

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Vision

  
  Education
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Vision – Although an expectation of total clairvoyance as to future price movement is unrealistic, it is my goal as a trader to assimilate as much information as possible with the goal of playing out scenarios that tie in with each other.

This is not always easy to do. Yet, understanding trading does not occur in a vacuum, and markets do exhibit oddities. You can get yourself mentally prepared to deal with these outlier events. Those who can think for themselves and need not rely on templatized news releases for their ideas usually put themselves in a position to benefit from their forward thinking.

We have heard many times about leaders who saw an industry trend before it happened. This was no accident. It came as a result of their understanding of their field and what could change it for the better. Traders who gain an understanding of how things can potentially play out and factor that into their trading strategy go a long way toward keeping their objectivity when things unfold in a fast and volatile market.

Risk Management -From ASR TEAM

  
  Education
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  • When markets aren’t trending; risk management is everything.
  • In a volatile market, capital preservation is the most important consideration.
  • Don’t be afraid to take small losses.
  • Not to hang on to my losers hoping they will come back.
  • Put in a stop right away and stick to it.
  • Set stop losses every time I trade.
  • Once again I learned that the first loss is the best loss. I let a few go too long again this year.
  • The importance of waiting for setups and limiting losses
  • Opportunities are easier to make up than losses!
  • Must have a stop on every position no matter how strong an opinion I may have!
  • Risk management. I took some losses because I made some trades based on hope and not on price action.
  • Leverage doesn’t work so well during market corrections and makes risk management difficult.
  • In my short-term trading I learned to place stops against my will and philosophy.
  • Faster exits for less risk.
  • Patience!

Vision

  
  Education
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While total clairvoyance as to future price movement is unrealistic. It is my goal as a trader to assimilate as much information as possible with the goal of playing out scenarios that tie in together. It’s not always easy to do, yet understanding trading does not occur in a vacuum and markets do exhibit funny things get you mentally prepared to deal with these outlier events. Those that can think for themselves and need not rely on templatized news releases for their ideas usually put themselves in a position to benefit from their forward thinking.

We have heard many times about leaders who saw an industry trend before it happened. This was no accident. It came as a result of their understanding of their field and what could change it for the better. Traders who gain an understanding of how things can potentially play out and factor that into their trading strategy go a long way to keeping their objectivity when things unfold in a fast and volatile market. 

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