Currency Market Volatility – Wow!

Currency Market Volatility

Currency Market VolatilityCurrency market volatility gave quite a shock this week.  The huge expansion in volatility across the currency market caught many hedge funds and larger operators flat-footed.  Many were positioned in the currency market or had trades closely tied to it and had to scramble to get out of positions due to the substantial increase in volatility this week according to the Wall Street Journal.

Could we have seen the currency market about to become highly volatile before it happened? Well, I don’t know about that, but we could see that a pullback of some degree was likely.  I discuss the currency market volatility in this week’s video blog, and why the downdraft was so large (hint: it has to do with the hedge funds).  I also walk through a Wyckoff analysis of the US Dollar futures (DX) and give a trading few ideas regarding currency market volatility.

 

Market Volatility: Is it Getting to You?

Market Volatility

Market Volatility

Market volatility is expanding and will likely continue to expand as the US economy gets better and we see less central government intervention.  Even though increased volatility offers better trading, traders and investors can find it difficult psychologically to handle more volatility.  This is because volatility underscore the risk and uncertainty in the markets when market volatility increases.

Here is a video blog on recent market volatility, some of the problems traders face and what to do about it.

Dr. Gary Speaking at eTrading Expo

Dr. Gary Speaking at eTrading Expo on Mental Blind Spots

Dr. Gary is speaking at the eTrading Expo on Tuesday afternoon.  The topic is Mental Blind Spots.  Dr. Gary presented a version of this talk at the live Traders’ Expo in NYC last week to an audience of over 150 traders.  People said they really liked it and got a lot of good information from it.  You can learn more and register at the link below.

LIVE Webcast with Dr. Gary Dayton—Register FREE!
Tune in to the eTradingExpo to enjoy instant front-row access to LIVE Webcasts airing March 10 and 17. Plus, watch select presentations from The Traders Expo New York, and join over 35 of the trading industry’s top product and service providers in the virtual Exhibit Hall for prizes and valuable giveaways including free research, reports, newsletters, and videos.
Gary DaytonDr. Gary Dayton
Traders’ Mental Blind Spots: How Hidden Flaws in Your Decision-Making Affect Your Trading
March 10, 2:45 pm – 3:30 pm ET
Register Free
Do you ever wonder why a perfectly good trade setup failed or how you thought a trade couldn’t work, but did? All traders have blind spots in their thinking and use analytic approaches that seem correct, but turn out to be woefully flawed. These create not only poor judgments but trading losses, and traders don’t even realize they are making detrimental choices. In this presentation, Dr. Gary Dayton, trader, psychologist and author of Trade Mindfully, will teach you some of the common mental blind spots and how to address them for better trading performance.
Don’t Miss Your Chance to Win $500 Cash, a Kindle Fire HDX Tablet, Gift Cards for Top Retailers, and More Inside the eTradingExpo!

TheStreet.com & Trade Mindfully

TheStreet.com Trade Mindfully

I just came back from New York City.  I was at the Traders’ Expo giving presentations on mindfulness and mental blind spots.  I met several traders at the Expo, which is always rewarding for me.  I love to meet and talk with traders who find this site useful.

TheStreet.com Trade MindfullyYesterday, I was down on Wall Street.  Jim Cramer’s TheStreet.com interviewed me about my new book, Trade Mindfully.  I was really honored.  Gregg Greenberg, TheStreet.com’s knowledgeable and skilled host conducted the interview.  We talked about what investors are feeling right now as the Nasdaq reclaimed the 5,000 level, how people hold onto a stock like Apple (AAPL) too long, and how we can get a bias and not see much beyond that bias.  I had a lot of fun and you can see the interview, which runs about 4 minutes, at this link:

TheStreet.com Interviews Dr. Gary

Trade MindfullyA few weeks ago, TheStreet.com called my book “a must-read” for psychological know how in investing and trading.  You can see that review at this link:

TheStreet.com: Trade Mindfully Is A Must Read

NYC Traders’ Expo

Traders Expo

The Traders’ Expo in New York City is coming up in a couple of weeks.  I have been invited to make two presentations at the Expo.  I’ll also be signing my book, Trade Mindfully, at the Wiley booth.  Dates and times are listed below.  If you are going to the Expo, be sure to stop by and say hello. The Expo is one of the places I get to meet traders face-to-face, so I always love going.

Here’s the schedule:

Sunday, March 1st

  • 3:15 PM Presentation: Overcoming Fear & Greed – How Mindfulness Makes You a Better Trader
  • 4:00 PM Book Signing at Wiley’s exhibit hall booth

Monday, March 2nd

  • 11:45 AM Presentation: Traders’ Mental Blind Spots: How Hidden Flaws in Your Decision-Making Affect your Trading

The Traders’ Expo is a free event, so be sure to stop by if you are in New York.  I’ll look forward to seeing you there.

Here is a link to the NYC Trader’s Expo where you can register:

NYC Traders’ Expo