certainly a more obvious bearish tone has been cast over global markets in recent days, so trading needs to be adjusted accordingly.
there are clearly warning signs out there that we could be seeing the early signs of a decent market pullback.
in uncertain market conditions it always pays to have plenty of capital reserves to be able to sit on the sideline and not be forced into trading when the conditions are not favourable.
quite often it is traders that require a weekly income from trading that struggle in market downturns because they are forced to trade to survive and can not sit back and wait for the right market conditions.
I'm sure given the recent 10 month bull run there are plenty of new traders that haven't experienced any form of pro-longed market downturn and have no experience in adjusting trading stratergies to suit market conditions, and it is this lack of experience that generally leads to inexperienced traders making substantial losses and having to give up trading and go back to more normal employment.
so for the inexperienced traders don't fall into the trap of buying stocks just because they have fallen of their recent highs, because as we all know thanks to the GFC many stocks may never recover.
i'm not sure if some of the more experienced traders are interested, but after trading hours it might be good to share some of your experience of how you adjust your trading statergy in a market downturn, i'm sure some of the newbies would be very appreciative for some words of wisdom from traders that have survived previous downturns.
