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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (124302)	11/9/2016 1:47:46 PM
From: bart13	Read Replies (1) \| Respond to of 218056

The biggest loser today by far was fear Wed 9 Nov 2016 17:26:53 GMT Author: Ryan Littlestone \| Category: News Fear is a trader's worst enemy but it can also be a trader's best friend Fear causes more, and bigger, moves than any other factor in trading. It manifests itself in many ways and at many different levels. In markets it often starts off like a snowball on a hill and morphs into something bigger and scarier. Today we've seen all the election fear given the broom treatment. All the panic over the possibility of a Trump win, the ebb and flow around the Clinton email saga, what has it all boiled down to today? Absolutely nothing! Stocks and the dollar aren't higher because people have made decisions about Trump and the economy or his policies or the Fed, they're up because the market has been scared for weeks and now it's realised that it was unfounded. People woke up with Trump as president and went to work, they went shopping, they took their kids to school, and the sun was still there to greet them. If you believe the fear in markets and allow that to govern your trading, you'll go broke more times than you'll make a killing. But fear is to be respected and not ignored. It should be used as a tool to see what others are doing, a tool to gauge what a market is doing and how it's thinking. Most importantly, it should be used as a tool to guide you on risk. If you know what a market is scared of you know how to deal with any eventual outcome. You know where your trading risk lies, and in that you have a powerful trading weapon. My post earlier on "The trading risks on Trump" wasn't written because I was scared but because there was still a genuine risk of fear stalking markets. Even though we've seen things stabilise, some of those risks and fears are still there and will be for a while, they've just been quietened for now. We still need monitor all that I highlighted in the days ahead. We're ForexLive, not ForexYesterday so when any of us make a call on a price or a move in the midst of chaos, it's because we see a risk right at that time, not 30 minutes ago and not 30 minutes in the future, right there that second. We make those calls because we've got the experience to do so. We get them right and we get them wrong because we've got the experience to do so. We make those calls because we are constantly looking for the risks first, not the rewards. It's part of our trading nature and it should be part of yours. Today was just another day that's seen another event pass into history. It's not the end of it by a long way but fear has been put back in its box for a while. Enjoy it while it lasts ;-) =========================== A helpful touchstone?