Handling volatility...Pacific Traders' Camp...New video
As I wrote to you in April, taking profits from trending markets is relatively straightforward. As long as you get the long-term trend right and use a reasonable trade size (do not overtrade), you should be able to hold your positions through minor swings until the long-term trend reasserts itself and lets you exit with profits.
Not so in volatile, transitional markets, the sort we've been having this year.
In talking to some of the top-performing members of SpikeTrade, I keep hearing how hard it has become in recent months for these market veterans to find good trades. When they do find them, they tend to trade much smaller sizes than usual. They are very cautions in this spastic market.
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Pacific Traders' Camp in Macau
October 20-25, 2015
Be sure to get your spot in our first Pacific Traders' Camp since 2012. Dr Elder has created a completely new program, designed to expedite your learning, help you practice new skills, and save you time and money. Instead of bringing in an assistant speaker, he will teach full-time. There will be lectures in the morning and homework with Dr. Elder in the afternoons. Click here to learn more.
Video: The New Trading for a Living
To be a successful person in any field, you have to compete with yourself. You cannot rest on your achievements, but always strive to improve. Dr. Elder's first book, Trading for a Living (1993) became the most popular trading book in the world. Its last sentence was "I continue to learn, and like any trader, I reserve the right to be smarter tomorrow than I am today."
Please click view intro or purchase.