Will The Stock Market Crash Again? Here's What I'm Doing Right Now

Will The Stock Market Crash Again? Here's What I'm Doing Right Now | Coffee With Markus Episode 53

Here are the videos that I am referencing in this video:
Best Trend Indicator For Stocks - Revealed: https://youtu.be/r6R6RwT9Yms
Trading Taxes EXPLAINED! Step-by-Step: https://youtu.be/laMtU3KFzSI
Is the market going to really crash….AGAIN?!

If you’ve ever read Douglas Adam’s Hitch Hikers Guide To The Galaxy, you’re familiar with the term “DON’T PANIC”.

What should you do in this situation?

Let’s discuss what I’m doing RIGHT NOW.

What’s the most important thing? Follow your plan! I always follow my plan.

If you’d like to learn more about the trading plan I trading plan, I’d be happy to send you a free PDF version. Just visit www.rockwelltrading.com/plan

Let’s discuss what I’m doing in my 20k account. In this account I’m using my PowerX Strategy to line up the trades. If you’re not familiar with this amazing software, check out: https://www.mytradingroutine.com

Using my trading plan, I take the trades that the PowerX Optimizer selects. Out of those recommendations, I ONLY take the trades that fit my trading plan. As of today’s date the PowerX Software recommended 70 trades total.

31 trades matched my plan and 22 of them were filled. After yesterday’s huge drop in the market, I had to exit 18 of those trades. Out of those trades only 5 were profitable, and I still have 4 remaining trades.

This means I only had a 28% winning rate?!

Traders ALWAYS want to have high winning rates, right?

Yes! But even when we can’t win 80 or 90% of the time, we still practice trade management. We can limit the downside potential to any losing trade by sticking to our trading plan!

After I closed the 18 losing trades totaling $2,365 and the winning trades of $2,273 I am only down a total of $362 dollars.

This means the average value of my winning trades is more than DOUBLE the value of my losing trades…

I still have 4 remaining trades and all I need is one of them to be profitable!

What’s the secret? Keeping your losses smaller than your wins!

You may be asking yourself... when Is the next crash coming?

I have news for you! It does NOT matter..

I do not care what the markets are doing!

I only trade what I see, not what I think.

Follow your plan and remember... hope is not a plan.

If the markets turn and your trade is no longer profitable, stick to your trading plan and don’t chase.

This will always keep your losses smaller than your wins.

It’s important after a week of losses to remember this: You MUST prevent your emotions from getting the best of you. Many traders will revenge trade a losing week and lose even more! Never let your emotions get the best of you.
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Видео Will The Stock Market Crash Again? Here's What I'm Doing Right Now канала Markus Heitkoetter