50 Profile picture
3 Nov, 8 tweets, 2 min read
Despite the fact that there will be a host of talking heads, brokers and gurus running election specials, it doesn't mean that you will actually have any edge or that it's worth pulling an all nighter.
Keep in mind that the vast majority (and I am being kind) of these shows, webinars and services are not going to be making bank trading but rather by selling services, trading commission or advertising revenue.
Make sure you understand what you are doing and the risk you are taking. Even if there will likely be opportunities in the short-term, there will likely still be a lot of opportunity when the dust settles but with less uncertainty and event/liquidity risk.
I am not saying that you shouldn't be trading, just make sure you understand the context, expected moves and therefore risk.
Trading responsibly always makes sense but in some cases, for some accounts, these events are simply not worth it. Some will ask if I'll be trading the event (I will) but the better question revolves around how much I am willing to risk but this will still be different to you.
IMO the reality is that for most, especially newer or undercapitalized traders the % risk they would have to take to justify pulling an all nighter coupled will the emotional stress and potential damage from not being disciplined is just not worth it.
Choose your own adventure. I wish everyone nothing but the best. I am not trying to kill the buzz but hopefully this thread can help some of the newer traders on the stream. Just some reflections from someone who has been doing this for a long time.
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