The next couple of weeks could be very volatile we know how important the USD is in the market the very very big players may look to move there money about An old trader mentor use to say "Do not give back to the markets what you have made the the first 3 quarters of the year trade smaller "
My goodness. Instead of seizing trading opportunities you run away from it. Be careful of the next couple of weeks The next couple of weeks could be very volatile we know how important the USD is in the market the very very big players may look to move there money about An old trader mentor use to say "Do not give back to the markets what you have made the the first 3 quarters of the year trade smaller " ----> Be alert over the next couple of weeks The next couple of weeks could be very volatile we know how important the USD is in the market, and the very very big players may look to move their money . An old trader mentor used to say "Do not fear earning even more money even though you have made money during the first 3 quarters of the year. Trade bigger if the opportunity arises. "
That is not good advice. Stick to your rules which should include rules for making adjustments for increased volatility, but don't trade smaller just because you might give back previous profits.
That has been studied before. https://www.troweprice.com/financia...lections-affect-stock-market-performance.html This sentence is key: In both election and non‑election years, volatility was generally higher in the lead‑up to the first Tuesday in November (the date of U.S. presidential elections) than in the corresponding periods after the vote. So it seems that the worst uncertainty is normally during the week heading to the big day.
Between earnings, fed and elections there is going to be so much partying with this volatility.....we could see volatility spike to 30+ if these elections are questioned or a delay takes place....