Trading strategy for navigating October's election-driven volatility involves a dual-pronged approach. We will lock in profits on satellite positions, trimming exposure to high-risk assets, while simultaneously identifying opportunistic entry points to buy the dip on core holdings with strong fundamentals. This tactical shift will also involve adjusting position sizing, tightening stop-losses, and selectively allocating capital to quality stocks exhibiting resilience. By balancing risk management with strategic buying, we aim to capitalize on market fluctuations and maximize returns amidst the uncertainty.
Will October Hit New Highs or Repeat October Effect?
U.S. stocks plunged on the first day of October trading as UVXY surged 11%. The Nasdaq and S&P 500 fell about 1%.
A senior U.S. White House official said there are indications that “Iran is preparing to launch a ballistic missile attack on Israel.”
August and september also started the month with a big drop and bounced back.
Will october repeat the same trend?
Are you ready for October effect or October high?
Which is more possible to happen?
What's your trading plan for October?
Avoid high volatility or embrace it?
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