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Video Lesson: As Stocks Swing 276 Points Up or Down -- "Let the Market Commit to You"
Seasoned analyst and trader Jeff Kennedy offers cautionary advice
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By Jill Noble
Mon, 31 Oct 2011 16:15:00 ET |
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After a month of mostly rising prices, today's 276-point retreat in the Dow Industrials probably got your attention. Large price swings are as much the rule as the exception these days: a successful trader must learn how to handle volatility.
Jeff Kennedy, Senior EWI Analyst and himself an experienced trader, says that in a fast-moving markets it's important to understand a critical truth: Let the market commit to you before you commit to the market.
Just because a car has its blinker on doesn't mean the driver is going to turn. Similarly, just because you recognize an Elliott Wave pattern in the market doesn't mean that the market will necessarily change direction.
Jeff explains this analogy further in this free video -- and, along with Senior Tutorial Instructor Wayne Gorman, shows you more timeless trading tips and warns against common pitfalls in the upcoming online tutorial that starts on November 17.
Trim years off your learning curve with help from two of EWI's best instructors from the comfort of your own home!
Whichever market you trade, our experts Jeff Kennedy and Wayne Gorman show you how to put Elliott to work in volatile markets in the upcoming 8-session online event. The hands-on skills you learn will benefit you in explosive bull markets, too.