The Psychology of Handling Large Drawdowns
6 days ago
|----------------------Where Prop Trading Meets Innovation in Options->
Today the USO broke major support as the Dollar put in a new low before sharply reversing higher. Will the strong Dollar force oil prices lower? Will oil drag down the broader markets? As day traders we trade what we see and not what we think is going to happen. Tomorrow when I return to my desk, I will pay special attention to the price action in the Dollar and the USO.