There’s no such thing as a bad market, just an unprepared trader
Featured: Marc Despallieres, Chief Strategy and Trading Officer, Vantage
Alfred Wainwright once said, “There’s no such thing as bad weather, only unsuitable clothing.”
It’s a good lesson to keep in mind as we in the northern hemisphere stare down the barrel of winter. It’s an even better one for day traders to remember as they face up to ongoing market volatility amidst continued geopolitical instability, a global energy crisis, and the nosediving euro.
No, I’m not telling them to rug up. I’m telling them to prepare. Because there’s no such thing as a ‘bad market’, just an underprepared trader.
Read the full article here.