Michail Shadkin · @EpicaCapital
29th Apr 2014 from TwitLonger
Making Trading Adjustments >>>
This is a crucial part of being a successful trader, as well as a consistent one.
If you rely upon only one trading strategy, what happens to your P/L when that strategy disappears for a period of time?
Markets change all the time and it is critical to have a nice size bag of tricks/trends/strategies you can turn to when your bread and butter strategy doesn’t present itself or works.
I started posting on Twitter Sep-13 and for 7 months you saw me short trash stocks every day with great precision.
This is my bread and butter trading strategy, but recently the trash stopped running and market conditions changed a great deal.
You are now clearly seeing a different style to my trading.
End result >>> Been trading different type of setups and continue making money almost every day.
Currently there is great market volatility and most individual stock setups have a huge immediate market directional correlation.
This is a huge adjustment to many traders, it is not easy.
But there are MANY ways to make money trading, but you have to be willing to find them.
Just have to adjust until things return back to normal.
Point is:
Always work on your alternative trading strategies, even when your bread and butter strategy is working great.
That way when market conditions change you can switch gears quickly and continue to be successful and consistent.
Happy Trading
Michail