Our world is in panic mode as coronavirus spreads across the world and is leaving global markets shattered in its wake. This is an extremely trying and testing time for all of us and first and foremost I hope that everyone is compassionate, considerate and does whatever they can do to stop the spread of this virus, placing humanitarian considerations before all else.
From a trading and business perspective I believe there is a lesson to be learned – discipline and patience always. You have to employ the knowledge and education you have learned and apply them in these extreme conditions. The markets are reacting to fear and uncertainty. Sentiment is driving the markets and everything we’ve learned has taught us to trade without emotion. Educated calculated trading decisions. Look for the same technical indicators and signals. Trust the strategies you have learned. Smaller position sizes. Tighter stops. Accept the losing trades and the winners will come. Keep the discipline and stay safe.