Control Emotions Against ‘Bearish’ Fears
The uncertainty in the midst of a market on its descent into bear territory, while gasping for air, has traders looking for solid trading philosophies.
Navigating the market with a fierce focus is needed when trading into the headwinds of volatility with a fierce focus on and maximizing setups.
Not sure how to navigate this market?
Traders may feel it can be easier to trade like a genius in a bull market. However, maintaining focus on solid strategy in the environment we’re in now is where learning and self-discovery happen. Focus opens possibilities to stay profitable in all types of market conditions.
At Simpler Trading, there is nothing more valuable than our people – as they are our biggest asset. Taylor Horton, Vice President of Directional Options Strategies at Simpler Trading, is this week’s “Friday Feature” team member.
The recent market conditions are where Taylor thrives as he maximizes setups in a bearish market and maintains focus to avoid trading emotionally.
In this uncertain market, trading without a proven strategy can wreck an account. Taylor follows a strict plan where he focuses less on the profits and more on the process that leads to the profits. Profits are a byproduct of his focused trading strategy.
Taylor doesn’t hang on to a trade that isn’t working. He will make a quick exit and find the next setup that works with his plan. Like his philosophy in life – a constant quest to be the best version of oneself – he is always seeking the best version of setups the market offers.
Taylor doesn’t delve into complicated theories. He established his trading foundation squarely on the squeeze setup. Since high school, Taylor studied John Carter, Founder of Simpler Trading, who created the TTM Squeeze.
Taylor believes everyone has an opportunity through trading for freedom, gratification, and success based on personal commitment and hard work. At the start of a new year, it’s important to make sure you’ve carved out your path to success for the rest of the trading year.
It only makes sense that including solid strategies and philosophies in your trading plan will keep your emotions in check – and your head in the game.