Trading new is a double edged sword bringing quick profits but also easily blowing up your account due to unforeseen slippage
๐น When the market fluctuates strongly due to news fear and greed emotions will be pushed to the climax making you prone to mistakes like fomo buying the top or cutting loss at the bottom
๐ธ The best solution is to stay out of the market during important news releases like Non-farm, CPI, FOMC to avoid unnecessary risks
๐น If you still want to trade reduce position size and widen stop loss to avoid being swept by news wick
๐ธ Remember opportunities are always there after the storm passes the market will return to stability and that is when your analysis skills come into play
Do you have enough discipline to turn off the computer and go out when the market is stormy with new?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.