What’s up Traders! In this weeks episode of Develop Your Edge I talked about my process for dealing with draw downs. Let’s face it draw downs are a part of the business and since I recently got out of a small slump 🙁 I wanted to talk about what I do when I start to get into a draw down.
I then pulled up my charts and talked about how and why I use Bollinger Bands in my strategy. One of my weaknesses as a Trader is trading one way markets. Markets that stay near the highs or lows most of the day and don’t revert back into the range. Because that was a major weakness of mine I searched for ways to help execute during those days and I found Bollinger Bands to be a great tool for helping me with that.