After 9 down days don't get fooled into thinking that the 10th day needs to be an up day in terms of volatility. There is still a 50/50 chance that Monday could be an up day or down day. What you need to pay attention to more is the risk you have exposed. In this weekend edition we will also talk expectations for next week.
We are opening up our trading room for 2 days - November 8th and 9th. If you would like to trade the presidential election along side us use this link to register:
1 Comment
RON
November 6, 2016I was under the impression that the probability of touching % is the chance of touching the strike your selling or buying. Not that it refers to a increasing the expected move by that percentage.
That's the reason why placing stops is a bad idea in most cases.
Don, you always seem to show your risk management side when discussing the markets, your scaring the children. Trading is risky all the time due the fact that any occurrence around the world can move markets dramatically.