> The Worst Market to Trade Right Now — a Trend Follower's Nightmare

The Worst Market to Trade Right Now — a Trend Follower's Nightmare

Sunday, 26/07/2015 | 14:29 GMT by Rayner Teo Chee Leng

In the event that you are positive in your ongoing trade, and suddenly there is big news that could go against your trade, what do you do?

This week, I had a question by Bobby who asked: In the event that you are positive in your ongoing trade, and there is big news that could go against your trade, what do you do? Do you move your stop loss? Or break even? Thanks

My answer is: A news release is a 50-50 thing. It can either propel the trade in your favor or go against you. But in the long run, you can expect the positive and negative to negate one another.

Because of this reason, I don't shift my stop loss to breakeven just because of news release. I only trail my stop loss according to my trading plan and nothing else.

Then I also discuss and share with you possible trading ideas on Gold and AUD/USD.

Lastly, I talk to you about the S&P markets and why it's the worst markets to trade right now, especially if you're a trend follower.

My answer is: A news release is a 50-50 thing. It can either propel the trade in your favor or go against you. But in the long run, you can expect the positive and negative to negate one another.

Because of this reason, I don't shift my stop loss to breakeven just because of news release. I only trail my stop loss according to my trading plan and nothing else.

Then I also discuss and share with you possible trading ideas on Gold and AUD/USD.

Lastly, I talk to you about the S&P markets and why it's the worst markets to trade right now, especially if you're a trend follower.

Topics

trading

About the Author: Rayner Teo Chee Leng

16 Articles
6 Followers

About the Author: Rayner Teo Chee Leng

16 Articles
6 Followers

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