Our traders are making big and small moves every single day to boost their earnings and further cultivate their trading skills. Every now and then, a trade stands out to us as particularly smart. It’s not always about the most profitable trades, but ones that demonstrate discipline and steady insight. This week's notable trade is a perfect example.
Here at Topstep, we’re incredibly proud of our funded traders. They worked hard to make it through Step 2 of our process, proved they had the chops to make it trading actual money, and spend their days carefully weighing opportunity and risk.
One such trader is Kevin M. out of Perth, Australia. He joined TopstepFX to hone his trading strategy and improve his trading discipline. In reflecting on his work to date, he mentions that Step 2 really helped him with money management.
Image Source: Wikimedia Commons
We wrote earlier this week about how large government crises, like the ongoing government shutdown, rarely correlate with increased volatility, encouraging traders to remain disciplined and stick to their strategy. We stand by that.
But as we mentioned in that post, just because these events don’t always correlate with increased volatility doesn’t mean they don’t impact the economy or the way we interact with the markets. There are a whole lot of people out there who missed a paycheck Friday as a result of Washington’s stalemate, and while that’s tragic in and of itself, it could have broader implications for the economy.
December 2018 saw a major surge in market volatility, with the S&P 500 plunging more than 14% at the bottom and the VIX jumping over 68% at its height in the month. While things have settled down some since the start of January, the spectre of volatility looms, everpresent, raising the question: how do you deal with it?