Futures up slightly this morning but lots of possible market driving events today that could make anything happen. We have the FOMC announcement, Sec. Geithner speaking and then Pres. Obama delivering the state of the union address tonite. Their words and perceptions of their words can be a catalyst.
With a market that looks brittle and with downward probes over the past week income traders are being tested on their risk management skills. Several things can help here. Having a plan is first and foremost the most important tool to managing your emotions when trading volatile markets. Secondly having some put protection on your portfolio can ease the pain. Also making your trade adjustments a little bit sooner on the downside can help you try to stay ahead of the curve. Try putting all of these to work as we head into volatile times.
Can you name these actors and what they were best known for later in life???
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Hi, Mark.
Ronald Reagan (went on to do something good and important, I think) and Harry Morgan (Dragnet & MASH).
I got out of that trade the other day. I still got nailed – BIG TIME, but it could have been MUCH worse if I stayed in the trade.
I could have had a heart attack!