What Is Your Trading Plan?


Simpler Trading Team

2 min read

The post-election rally rolls on.

Who knew what would be the market reaction to a still undecided election? This ongoing rally is one of those times when amazing moves in the market happen when no one expects what is happening.

What is your trading plan as the political, economic, market scene unfolds?

Simpler’s traders are leaning on caution as any wild developments Friday or through the weekend could change a market that has seen incredible swings this year.

This is not a normal week — presidential elections happen once every four years — so referencing reliable stats is a limited proposition. Considering how crazy this year has been and how strong the rally is so far this week, this may be an opportune time to take the gains.

No need to test the market, especially if you have a pre-established trading plan designed to avoid an uncertain market.

An established trading plan that follows proven systems is what we believe generates income in the markets. The plan should be designed to work for you versus subjecting your trading to the emotional attachments or reactions that can prompt unwarranted moves down the wrong path.

And, as we’ve seen, politics and news spur emotionally-charged actions.

We’ll avoid that situation as much as possible because we’re here to make money and support each other doing the same.

We Saw: A market rally holding its strength — 

  • Market responding to possible split government
  • Nasdaq outperforming other indexes
  • Still no presidential decision

We’re Watching: For cautious gains in a strong rally —

  • Sticking to a pre-set trading plan
  • To keep emotions in check – no FOMO
  • Not giving up gains on a Friday

🎯 Empower Your Options Trading Skills! 🎯 

Take the leap and join our exceptional Options Trading Room for a Special Introductory Price of $7 for your first 30 days! Become part of a thriving community of passionate traders, observe expert traders in action as they conduct live technical analysis, interact with them in real-time, and gain insights from live trading. Stay up-to-date with our trade alerts and never miss important market developments. Click below to claim your spot and boost your trading prowess!