Morning Traders!
I probably should have done morning ideas yesterday, but I don't usually do them on holidays due to the lack of movement. However, this market is volatile even on holidays!
We saw a big gap down overnight on escalating tensions between Ukraine and Russia. I would imagine the combo between that situation, and the FED rate hike, we will continue to see an unstable kind of market.
Near the end of the video this morning, I talk about the mistake of getting too much size on in a market like this. It's absolute poison to your longevity as a trader. Some of our prop traders were sized WAY TOO BIG last night, and were fortunate they weren't wiped out completely.
Remember, your risk of ruin is 100% if you put too much risk on any one trade. Even with a 99% probability (which doesn't exist) the 1% trade will wipe you out.
I probably should have done morning ideas yesterday, but I don't usually do them on holidays due to the lack of movement. However, this market is volatile even on holidays!
We saw a big gap down overnight on escalating tensions between Ukraine and Russia. I would imagine the combo between that situation, and the FED rate hike, we will continue to see an unstable kind of market.
Near the end of the video this morning, I talk about the mistake of getting too much size on in a market like this. It's absolute poison to your longevity as a trader. Some of our prop traders were sized WAY TOO BIG last night, and were fortunate they weren't wiped out completely.
Remember, your risk of ruin is 100% if you put too much risk on any one trade. Even with a 99% probability (which doesn't exist) the 1% trade will wipe you out.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.