The simple answer is I am not.
Equities markets around the world are crazy right now, with incredible levels of volatility and government intervention. Please watch the video for more details but before you do, consider this. I trade equities and equity CFDs and if you have been trading during this time and doing well because you either trade a different style and/or another product like foreign exchange, then that is great. Well done!
My style doesn’t react well to volatility and therefore I have been doing some work around the house and not worrying about the market too much. Watch the video and please feel free to leave a comment below, especially about how you are treating the market presently.
Stuart McPhee
Ps. If you want to find out more about Stuart’s work be sure to grab a copy of Trading In A Nutshell - Click here.
Stu P says:
Some good sentiments there. Personally, I would say the volatility can be used to your favour - as long as you take smaller positions and wider stops ( ie if you use ATR you can factor current volatility into your stops) you will still be risking the same amount of your account per trade - allowing you to profit from the volatility when the market runs in your favour.
Thanks for all your educational efforts, much appreciated.
-Stu
November 11, 2008 at 7:59 pm