Anticipation

 

Trader Scott’s Market Blog

“Anticipation, anticipation, it’s keeping me waiting”. The great Carly Simon hit (and Heinz ketchup commercial), is a wonderful way to explain how I view market events like Brexit. So for the questions that I have received about Brexit —
I learned long ago that to succeed as a trader, you need to always be prepared and to have a plan. That way you can ANTICIPATE market moves rather than REACT to market moves. And that way volatility can become your bestie , instead of being your mortal enemy.

So even tho I find it hard to believe that “they” will allow a Brexit vote to win, I’m not wasting time attempting to decipher what the market effects will be. I view Brexit the same way that I do as with any upcoming known event. That is, as a potential opportunity to take the other side. And that depends on the overall TREND of the market. Another words, if I believe a market is in an uptrend and technically bullish, and then the event “causes” the market to sell off, I will potentially buy into the selling wave. But only if the market reaches price levels which I have identified as low RISK entry points.
And I have fairly extensively covered my outlooks for the various markets in my previous posts, so folks can refer to those for price levels. But just to add that I have seen nothing to change my mind about any of the markets, except possibly the US$. But I’ll cover that in another post. There will be plenty of volatility around Brexit, but if you’re prepared and have a plan you won’t be freaking out, or at least you shouldn’t be freaking out.



'Trader Scott – Anticipation – June 22, 2016' has no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.

©Copyright One Radio Network 2019 • All rights reserved. | Site built by RedLotus Austin
The information on this website and talk shows is solely for informational and entertainment purposes. IT IS NOT INTENDED TO PROVIDE MEDICAL ADVICE. Neither the Editors, producers of One Radio Network, Patrick Timpone, their guests or web masters take responsibility for any possible consequences from any treatment, procedure, exercise, dietary modification, action or application of medication which results from reading or following the information contained on this website in written or audio form, live or podcasts. The publication of this information does not constitute the practice of medicine, and this information does not replace the advice of your physician or other health care provider. Before undertaking any course of treatment, the reader must seek the advice of their physician or other health care provider and take total responsibility for his or her actions at all times. Patrick Joseph of the family of Timpone, a man...All rights reserved, without recourse.