Nothing is certain in the markets right now.
The only thing that we can be really sure about is volatility, and unpredictability.
There are two reactions in markets like these, and today, I want to stress that both are okay:
A lot of traders hit the deck, get in the trenches, and bunker down until the market seems a little more stable. That's fine!
There's never anything wrong with stepping back and taking your time.
That old Wayne Gretzky/Michael Scott line? "You'll always regret 100% of the shots you don't take?" That doesn't apply to trading.
Traders are more likely to regret a "shot" they took foolishly than regret anything that they passed up on.
But just because some traders want to wait, that doesn't mean you have to!
Because the other option is to play it day-by-day, read your charts carefully, place smart, limited entries and keep stop losses tight.
Of course, that's critical trading advice any time. But it's especially important at times like these.
So whether you're a go-getter or a wait-and-seer, you're all welcome here!
Happy Monday! |
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