I’m going to be honest.
I don’t think you should take one single trade in the first two weeks.
After a well-deserved holiday, you need to feel what’s going on in the markets again.
This gives you the perfect opportunity to take some time to adapt.
Here’s what you can do.
Read the news and SENS (Stock Exchange News Service) to see what went on with the markets over the holidays
Look for trades that are potentially lining up. Once you’ve done the above, then move to the second step.
Step #2: Don’t just go cold-turkey with your trades
Once you have orientated yourself back in the markets and you see a trade lining up, then you’re ready to take your first trade.
If you were comfortable risking 2% in the previous year with your trades, then here’s what I suggest.
Risk a little less for the first two weeks of trading.
This way you’ll adjust and prepare for small losses and small winners to come.
If you feel you can stomach your previous risk levels, then by all means.
I’m only telling you what works for me and has been working for the last 13 years.
If you start off risking less, then you’ll find yourself able to handle your emotions better when you start trading for the year.
Step #3: Take a maximum of two trades for the first two weeks
Let me tell you something.
When you first go to your computer after a holiday, you can expect the market to be either.
• Sideways
• All over the place
If you find the market is the latter, you might have many trades lining up.
And you’ll feel that you just want to take them all.
Hold on… When you start off taking too many trades, you can expect to feel what I call “Post-vacation trading stress”. This is where trading becomes overwhelming and you’ll have no idea what to take and what not to take.
Here’s what you can do.
Rather look for the highest probability trades that line up. And only take a handful of trades at a time.
And by handful, I mean one or two…
If you take too many trades, this might result in extra and unnecessary stress, which you definitely don’t need after a relaxing holiday.
The market isn’t going anywhere, so make sure you prepare yourself for the year to come.
I want you to be as comfortable as possible when you start trading.
Always keep in mind,
“Wisdom yields Wealth”
.jpg)
Timon Rossolimos
Home
Search
Menu
Our products
