Up, down, all around - it’s like a roller coaster!
Which might be fun since we can’t go to Disney World right now, except it’s a lot less fun when our money is on the line.
Fortunately I’ve been using my Strike Zone strategy, which just last week cashed out with three significant winners on huge down days for the market.
What are some things you can do to combat turbulent markets?
Well, you can always turtle.’
Plenty of traders take this approach: they hide when the going gets rough.
And I don’t judge them! All trading involves a substantial risk of loss and there’s no reason to enter the market when you’re uncomfortable.
Other traders simply limit their trade size, which is a good recommendation all the time, no matter the market conditions.
Sadly, far, far, far too many traders start to panic trade, and they lose their shirts because they enter recklessly or stupidly and lose out.
That’s why most traders don’t succeed: they beat themselves.
But there are strategies you can trade that help you navigate any market.
My Strike Zones strategy targets medium-length entries of seven days and has seen huge wins like $8,974 on CYBR, $7,620 on HZNP, and $10,656 on EFOI, all in just seven days.
But it gives us the flexibility to cash out on winning trades when the markets go wonky.
And that’s what a great trader needs: flexibility. No system should be too rigid for you to take the money and run if things go south.
So here’s hoping that the markets stabilize and start to climb again.
And I hope all of you have an extraordinary week of trading.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.
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