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Being Flexible

By being flexible I mean that over time, your trading philosophy will undergo changes. These changes are brought about because of external events (economic considerations, natural disasters, political events, etc.), and because of internal events, usually my own mistakes.

My views change as economic, political, and technological changes occur both on and now off our planet. My views change as I see the market change. It is imperative that I be willing to change my thoughts and actions to meet new conditions. So, I am always looking to adapt my trading to the market conditions. Example: In recent years, markets failed to trend as long and as far as they used to. These days, primarily because of computerized trading, markets tend to swing between perceived over and under valuation. If I hadn't adapted to this reality, I would long ago have lost my money and probably would no longer be trading.

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Wednesday, 25 November 2020

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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.