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This week, I had a question by Bobby who asked:
In the event that u are positive profit in your ongoing trade, and there is a big news that could go against your trade, what do you do? Do u move your stop loss? Or break even?
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 outcome to negate one another.
Because of this reason, I don’t shift my stop loss to break even 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.
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
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