October 7, 2008
By ryan45 on Oct 7, 2008 in Featured
Market conditions today were crazy. Volatility was similar to yesterday and sentiment was bearish. In anticipation of the Bernanke speech, we looked for opportunities that would be quick. Although we didn’t engage as much as we would’ve liked, we did pull a modest profit and are learning a lot about the psychology of investors and how it affects the market in relation to financials and other fundamentals. We would like to see the market stabilize more before we agressively engage the market. Still, The Matrix Wealth Trading System continues to support us as we move in and out of the market.
Todays percentage was .08% with only 3 minutes engaged in live trades. It wasn’t much, but it was positive. We know the limitations of our account. The Matrix Wealth Trading System defines that for us. Our risk tolerance is more conservative recently with the market turmoil. Opportunity is still there but in an emotionally driven market, the level of risk increases. We look forward to what the market will bring tomorrow and are quite pleased with the framework of The Matrix Wealth Trading System.
IMPORTANT NOTICE: Futures trading has large potential rewards, but also large potential risk . You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
