5. February 2016 09:27
This market continues to be challenging, but as I showed on Wednesday, you can survive it and even thrive in it provided you match the right strategies with the conditions AND manage your trades very carefully.
In our language that means setting conservative P1 first profit targets and protecting your profits asap ... even on the day if you can, as I showed during our webinar class.
In addition to this, you must only trade actual breakouts whether a trend continuation or reversal. Don't just latch onto the colour of the sentiment indicator in this market, which is choppy by nature, and therefore challenging.
Stick to my rules, be discerning with your trades, protect profits early, and you'll make out more than fine even in these market conditions.
Also in the video I show my MSFT earnings play trade from last week, where I took 56% in just 24 hours.