Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

evolved trader

Canceling My Success

Recommended Posts

Just to throw my 2 cents in along the lines of what Walter said..

Here is an excersise..think about how many hours you have spent reading, researching, looking for the entry to trades...Now contrast that to the time and research you have put in on the exit..

Or look at the trading literature..thousands of books on various entries, a little bit on stops and exits can be summed up as "make some money or get stopped out". Its kind of ammusing no one has ever bothered to write an entire book on how to exit trades. Its a strange bias that has come to us from the way we come to trading and the literature.

This is something I've just come to in my trading. While I feel I'm confident enough in my setups, my exits are most purely random and I need to do alot of homework in this area to get both sides of the trade more in line.

I think you can sum it as if you haven't done your homework on entries, you should be nervous when you enter a trade. If you haven't done your homework on exits..you should be equally as nervous.

Share this post


Link to post
Share on other sites
Almost as soon as I thank you I now have to disagree with you. :) IMO, in the long term simple affirmations are a detriment. At best they are a waste of time. I know that flies in the face of all the common knowledge on the planet but...

 

Thanks for thanking me --- you can do it again for giving you something to think about. :doh:

 

I largely agree with you but I don't here because there are a couple of times when affirmations work (in my experience) and they are called to action by this approach.

 

1. When you say an affirmation in the midst of trading it pulls you to your forebrain (you have to recall it and say it out loud) so it pulls you away from carrying out actions generated by your emotions and conditioned responses.

 

2. When you say an affirmation and you get a "wrong" feeling at that time its an important affirmation because in some way you disagree with it. Challenging that and exploring it until you can say it without the feeling is one way to eventually (time, hard work) change a "belief." Said belief can just be an unexamined habit or some bad thinking.

 

3. Rehearsal as part of it will replace old patterns (see steenbarger etc).

 

So, its worth doing.

 

IMHO one of the (humbling) things about developing yourself through trading is that so much doesn't work the way you'd hope. You could do the affirmations and it mightn't work. And another time after achieving something else it might work. The trick imo, once one has an edge that can deliver without continuous tinkering, is to get the you part of your edge working.

 

I do note that I failed to say "do it during trading." I think that having scripts for various points in your trading process is one thing that can help (some) people a lot by keeping the brain working properly, focusing you on what you need to focus, and keeping you aware of patterns of error that you have exhibited previously.

 

 

One little thing at a time. :2c:

Share this post


Link to post
Share on other sites

Yes Blowfish.

 

Affirmations (for the reasons above and rational emotive therapy plus later cognitive work), disputation (ret + cognitive), and rehearsal (visualization etc as part of cognitive approaches including trauma therapies) have all become part of mainstream psychological therapies. They do tend to get mixed up with questionable new age and nlp approaches but the basics are there and they can work.

 

The talking out loud and listening for your stories has more to do with psychoanalytic work like Denise Shulls. There you are searching a little deeper to find out what is driving your incorrect actions.

 

One of the tricks is to remember is that one of the reasons there are so many approaches is that at any one time one approach may not work on you. Finding the right one / ones is part of the path to growth that trading provides us.

Share this post


Link to post
Share on other sites

Brownsfan

 

Thanks for the great suggestions. You’re probably right, if someone was profiting off my system it would be a swift kick in the butt for me!

 

I’m uncertain of the approach I’m going to take yet. I may take a month to paper trade and build myself back up mentally. Because yes, I’m happy with the system I’ve developed. I just need to learn to have more trust and faith in my abilities.

 

Blowfish

 

I agree with you completely. It’s the fear of failing, of being wrong about my decisions that seems to hold me back. No big deal, its something many of you have overcome and I know its just a hurdle for me to overcome. Its a great opportunity. Hey, if it was that easy, 95% of traders wouldn’t lose money.

 

Walter

 

Great post! As I read your advice something hit me hard. Through June/ July / August I was making more money than I’d ever made before, not just in trading, but my entire life. Having consistent success focusing only on properly executing my system and having fun in the process. September / October / November have been the exact opposite, and my success has been minimal. With hindsight now I realize I’ve gone from being passionate about trading to chasing the dollars. I mean look at my post, my focus has been to earn X amount of money a day. When I was successfully trading I was just having fun and enjoying the process of trading with tons of passion. I can feel that has since changed. Thank you for allowing me to become aware of this.

 

Darthtrader

 

That is very true. Although in my case all entry/ exit/ target strategies are in place. I think Walter has really helped pinpoint my challenge.

Thank everyone

Share this post


Link to post
Share on other sites
Just to throw my 2 cents in along the lines of what Walter said..

Here is an excersise..think about how many hours you have spent reading, researching, looking for the entry to trades...Now contrast that to the time and research you have put in on the exit..

Or look at the trading literature..thousands of books on various entries, a little bit on stops and exits can be summed up as "make some money or get stopped out". Its kind of ammusing no one has ever bothered to write an entire book on how to exit trades. Its a strange bias that has come to us from the way we come to trading and the literature.

This is something I've just come to in my trading. While I feel I'm confident enough in my setups, my exits are most purely random and I need to do alot of homework in this area to get both sides of the trade more in line.

I think you can sum it as if you haven't done your homework on entries, you should be nervous when you enter a trade. If you haven't done your homework on exits..you should be equally as nervous.

 

 

Yes, correct... Exits is a an important issue it MUST be resolved previously on putting in any trade... its so or more important than entries... actually on my system, the relationship between entry and stop will determine my risk and the relationship of my entry with my "technical exit" and "max range" of a move, will determine my reward... so you can see that my RRR is measured from my entries to my exits... be it positive or negative... a trader who only looks at entries can not trade on a professional and consistent way...

 

When you create a system you first focus on establishing entries first, wich is ok... that normally involves setup and specific timing rules... after that technical exit and technical stop must be established as well... this technical rules should establish your RRR eventually...

 

NOW.... the most important thing is the SPIRIT of the trade... what are you really looking for on a trade... are you looking to beat the market, beat the professionals, revenge from past errors, become fancy and excentrical on your methods... improvise perfection, proove to others that you are better than them, financial suicide, emotional exaltation... OR making your daily profit and enjoying in making it...

 

beleive it or not, this wrong actitudes can make the difference between having a good sound competitive method and a very bad aproach to trading...

 

So recaping : a technical method must have correct entries and exit rules that will give you a good RRR, you must have the correct actitude towards trading, and as we mentioned yesterday psicology is also important ( managing fear and greed on your mind )... cheers Walter.

 

Bump:

I've missed your posts Walter, hope to see more of you :)

 

 

Thanks Blowfish, I had been a little busy this year... cheers Walter.

Share this post


Link to post
Share on other sites

So recaping : a technical method must have correct entries and exit rules that will give you a good RRR, you must have the correct actitude towards trading, and as we mentioned yesterday psicology is also important ( managing fear and greed on your mind )... cheers Walter.

 

There is lot of free info. on the Wyckoff regarding this IMO, infact Db has addressed this issue countless times, one only has to take the trouble to study the posts and Blog instead of waiting for new posts all the time;)

 

Also Vadym Graifer has done an excellent job providing over 30 examples on how to gain entry, establish exit points and manage the trade. However all this requires considerable effort in understanding how trades interact in the market place, constructing strategies/tactics to exploit these interactions, thorough testing etc rather than waiting for some signals like End of Rising Market, and lo behold! there is a downbar on high vol, professionals have entered the market or some line crossing the other or indicator is overbought or oversold:)

Share this post


Link to post
Share on other sites

Not sure if I mentioned this before in this thread (feeling particularly senile today). Have you considered a spread bet or CFD account, or trading 50 Q's or SPY? (not sure what instrument you normally trade). Basically trading a small amount that is fairly inconsequential but a notch higher than paper trading.

Share this post


Link to post
Share on other sites
Not sure if I mentioned this before in this thread (feeling particularly senile today). Have you considered a spread bet or CFD account, or trading 50 Q's or SPY? (not sure what instrument you normally trade). Basically trading a small amount that is fairly inconsequential but a notch higher than paper trading.

 

Which markets yu trade and what methodology yu use?

Share this post


Link to post
Share on other sites

I had a very similar problem ? It took me some time to get over it . Finally one day I said thats it just do it. Instead of playing not to lose much I played to win. This may sound crazy but for the first time I did not use a stop order ? I think what happens is just knowing that you have a stop loss subconciously was putting this background negativity in my trade it put me into some kind of fear mode that would not even let me enter the trade? I would freeze and not even put in the order. Now I trade to win. I am a Day trader so I use to put my stops way to tight I would end up getting stoped out with these small losses. Now I use a .99 cents stop I call it my insurance stop. I get hit on that very rarely. I have a very good trading plan that took me about 4 years to develope. Its all based on momentum off news. An example take a look at symbol-- HIG -- from Friday 12/5/08. I found this in a premarket scan for stocks with increased volumn. I put it first on my list . I bought it at the open at 9.63 . Volumn was cranking it was huge. Sold it at 15.11 at 3:48 pm . That is one of my exits letting it go all day and selling between 3:45 and 4 pm. It was a classic setup for me. It will be on top of my list again for Monday 12/8/08. I will help you get over your problem ? its very simple its called confidence if your trading system is good than just do it. Its your attitude that is the problem. Make an attitude adjustment that says I am a winner do it on every trade as long as you have a good plan you have nothing to fear but fear itself in the words of F.D.R. Again its this simple , GET OVER IT NOW!!!!!

Share this post


Link to post
Share on other sites
There is lot of free info. on the Wyckoff regarding this IMO, infact Db has addressed this issue countless times, one only has to take the trouble to study the posts and Blog instead of waiting for new posts all the time;)

 

Also Vadym Graifer has done an excellent job

 

This is a thread about psychology, not entry and exit.

But let me digress a little here regard to the above, most of us are intraday index futures traders here looking at the 1 minute or 5 minute charts or similar tick equivalent, in my opinion, volume has little value in this arena other than the occasional spikes.

If there was value, I am sure Walterw or more people would have mentioned it.

If volume has value, don't you think John Carter and his partner, Hubert Senters would come up with a TTM-Volume-trend indicator by now ?

I think this is a great idea for a new thread.

Edited by OAC

Share this post


Link to post
Share on other sites

Psychology regarding what? Read POST 31

 

Trading ofcourse, which is concerned with What? Entering a trade, managing a trade, exiting a trade, unless there is something more exotic missing here;)

 

As for volume, who is suggesting that it is the only tool required or necessary?

As for "most of us are intraday traders" wow, awesome;), what do yu think we do? go and study

"Trading the Wyckoff Way" thread and learn.

Share this post


Link to post
Share on other sites

"unless there is something more exotic missing here"

 

You missed the most important, waiting. What one does in waiting and the quality of ones waiting sets up the entry, manage, exit quality.

Share this post


Link to post
Share on other sites
"unless there is something more exotic missing here"

 

You missed the most important, waiting. What one does in waiting and the quality of ones waiting sets up the entry, manage, exit quality.

 

Precisely, waiting ie. patience and the ability to consistently apply the rules of one's strategy along with a sound trading plan, all come under developing the required trading psychology;)

 

Bump: Moreover without the initial stages of effort in developing a consistently profitable strategy, all the psychology and waiting is not going to get you anywhere. Might as well take up transcendental meditation :cool:

 

Bump: Moreover without the initial stages of effort in developing a consistently profitable strategy, all the psychology and waiting is not going to get you anywhere. Might as well take up transcendental meditation :cool:

Share this post


Link to post
Share on other sites
Which markets yu trade and what methodology yu use?

 

Not sure if that was @me Edit..I see it was. Last two months the USD.JPY (though have a euro workspace setup too). I find myself drawn back to the indexes so FTSE in the EU morning session and ES once it opens.

 

I trade using S/R lines and price action. I noticed the FX seem to really strongly respect fib lines so I have been throwing on retracements to see if they correspond to my hand drawn lines. I was surprised at that to be honest.

Share this post


Link to post
Share on other sites
Not sure if that was @me Edit..I see it was. Last two months the USD.JPY (though have a euro workspace setup too). I find myself drawn back to the indexes so FTSE in the EU morning session and ES once it opens.

 

I trade using S/R lines and price action. I noticed the FX seem to really strongly respect fib lines so I have been throwing on retracements to see if they correspond to my hand drawn lines. I was surprised at that to be honest.

 

Thanks, I tried JPY and GBP.USD via forex after so many TG videos, but the volume bars all appear to be the same whereas GH reads all kind of thing in there:) so gave up, presume from your comments you trade currency futures, if so how do you find liquidity there, am thinking of subscribing to CME and which trading platform yu use to trade these instruments.

 

Yes I am led to believe that Fib numbers are widely used in the forex market, can become self-fulfilling if enough people trade with them:hmmmm:

Share this post


Link to post
Share on other sites

I was a floor broker way back when. We had a customer who would incessantly cancel orders if the price got close. We called it a "cancel if close" order or CIC. In a crowded pit, such orders were extremely frustrating and could lead to error for brokers, pit clerks, or even traders wanting to take the other side. But from the customer's perspective, sometimes the customer was really sorry he or she had canceled the buy or sell order when the trade worked.

 

I read through this entire thread and agree with much of what has been written. I'd like to add a few antiquated, but maybe applicable ideas.

 

OK, back on the trading floor, we never spoke of the dollars involved... maybe ever. We spoke of the number of ticks. So, applicable to forex, think of the pips. Make it into a game for yourself. Yes, you are going to make lots of pips.

 

What does thinking only of pips do? Well, it dehumanizes the game. You know that your

house gas bill costs $1,017.29 this month (if you live in a frame 110 year old house in Chicago, like I do). But if you lose $1,100.00 in a trade, you think, wow, I could have paid the gas bill with that. But if you lose 1000 pips, you might not think of it that way, because you'll make 2,000 the next trade.

 

Secondly, have you planned your trade? Even scalpers plan their trades. In the pit, they see a "handle" hit (a 85.00 or 86.00, etc.) and expect some resistance or support. The scalper might expect some paper to come in (public orders) or stops to get hit or lifted.

The scalper might know that someone was bidding or offering a few feet away, five ticks away. So, the scalper hits or lifts the paper, and quickly offsets the position with the trader a few feet away.

 

The scalper plans his trade, knows his parameters, and knows that he is going to give away the "edge" if the his held position starts getting away from him with another market maker.

 

So, even if you are trading a $500 account, you probably should choose your points of entry, exit, and method. My rule of thumb would be to never risk more than 1-2% on a trade, but plan to take 2.5-3 times that amount in profit. I try and experiment with different systems using a very small account so that I have "skin in the game". I make sure I am using money I don't "need" to pay the gas bill. And once I am fairly confident that my strategy works, I will move the strategy to an account where I have more "skin in the game".

 

Even as a pit trader, I was extremely conservative and risk adverse. I have not changed that.

 

All the best, Ryan.

 

Confidence: it's really all about that.

Share this post


Link to post
Share on other sites

Hi Ryan,

 

Thank you for your insightful post. I was particularly enlightened to read your comments regarding scalpers. A completely different type of game comparing a scalper on the floor vs a scalper trading electronically.

 

On the floor, do how many ticks do scalpers usually aim for per trade? And how many trades a day do they make on average? How quick are they to get out of a losing position?

 

Any insights would help because I am working on applying some scalping strategies as well at key psych levels. Thanks.

Share this post


Link to post
Share on other sites

I don't pit scalp now. My only point was that there is a strategy and planning involved. The scalper generally tries to buy the bid and sell the offer. So a scalper generally gets out of trades very quickly. If a trade goes their way, the pit scalper may ride the trade for some time. To quickly get out of a losing trade, the scalper will "give up the edge" as soon as possible to liquidate the loser.

 

Since we are all probably numbers people, I will put it this way:

 

Let's say the market is 3 bid, 4 to 5 offered. The scalper tries to buy the 3s and sell the 4s or 5s, generally against paper (public orders give up the edge by buying the offer and selling the bid). If I buy 3's and all of a sudden, the market is 2 bid at 3, I will try to first break even by selling the 3s or selling the 2s (in the case of no paper, another local will be there). If a number comes out, I will go into it flat and wait to see what paper comes in. Customers using market orders is "great" for the scalper, it is their bread and butter!

 

 

There are many varieties of scalping. Most of the time I made markets against futures options paper, managing my "greeks" (I don't mean gyros). If paper came in selling some 50 calls at 3, I would try to pay 2. If the broker is not held, I can pay 2. I add it to my position and quickly approximate my delta. If I bought 100 of the 50 calls with a delta of .33, I will sell 33 of the futures in the adjacent futues pit. Now I will quickly subtract deltas and approximate the gamma (the rate of change of the delta). Now I need to sell some premium. (you figure out quanities in your head, generally, not with a computer) If the gamma is .25 I will look to sell another option (put or call) with a net gamma of -.25 (because I am short). Preferably I will do that against paper, but if I got a good edge on the calls, I might give up that edge (if my net on the whole 2 trades is still positive) to get neutral.

 

Then I worry about vega (call or put price change with respect to volatility), and I might wait until the pit calms down to find that out or get a clerk to do it for me. If I have accumulated too much premium, my portfolio will lose value because of time decay. So I will make sure that I am fairly neutral on the premium or slightly net short. An options "box" is entirely neutral, so I will net those out and write up a card showing my net exposure by strike. If you have a quiet time, you then work to make these portfolio adjustments. Very later on I might consider my net "rho", or my exposure to intest rates, as a function of being lent or lending money to my clearing house to carry my positions. (I wrote all of my own software to do portfolio stuff, btw, I am not some sort of antique!)

 

When in the pit all of these calculations should be done in your head, as there is no time to fool around with calculators, etc. A good options scalper or market maker can do matrix math in that trader's head. In a crowded pit you don't have the luxury of even moving, so you get it done as best as possible. You don't leave, sometimes even to go to the restroom. That is why in the movie "Trading Places", brokers "bolt" out of the bathroom stalls to get to the pit....

 

I was "always ready" to make markets for any paper that came in. As a member my transaction costs were almost nill. I wasn't executing the futures, so I paid out that brokerage to someone else.

 

It helps to grow up in the same neighborhood as a broker, go to the same grammar school, etc. This is why the floors were like old neighborhoods, a perpetual high school assemby when you knew throusands of faces. Because pit trading was so "visual" I almost never went downtown without at least recognizing someone. And I also generally recognized a lot of people on Wall St. or near the WTC (terrible outcome...) when I was in NYC, etc.

 

As the underlying market fuctuated, I adjusted my changing delta, gamma, vega and theta accordingly.

 

Elements of this lend themselves to institutional options trading in front of screens, too. What is different is that back in the pit, almost everything was a manual process. But as you didn't use the keyboard and screen as interfaces, I would argue pit trading was quicker and maybe even less error prone than screen trading for someone who knew what they were doing.

 

In the meantime, I am short Euros (forex) right now...... I am enjoying it!:)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.