I just got on camera with Murray Dawes for a chat about markets and risk management in this crazy, crazy environment.
If you’re looking for a different — altogether calmer — perspective on events, I’d encourage you to watch the video right away. Just click anywhere on the thumbnail below (video will open in a new window).
Murray’s been trading markets for more than 20 years.
He’s never seen anything like what’s happened over the past month.
As a trader, you’d think Murray would be on his last legs now, bludgeoned repeatedly by relentless selling with no recovery in sight.
But that’s not the case at all.
In January, Murray’s trading system gave him an early warning signal. It forced him to take profits on a number of big winners.
As he explains in the video, he has taken part profit and adjusted stop-losses on most of his other positions, which means those subscribers who followed all of his signals will get out at breakeven at worst.
That is a powerful risk management tool. And that’s exactly why I wanted to chat to Murray in more detail and have him show you a) how his system works and b) how it navigates crazy markets like this.
I completely understand that the thought of ‘trading’ the markets seems insane right now. You’re seeing wild swings daily.
But Murray’s not day trading.
This isn’t that sort of trading program.
This is first and foremost a risk management system.
In the same way that Murray’s system gave him a sell signal in January, it will provide a buy signal at some point too.
And as we discuss, that point is probably not too far off.
As well as discussing markets, volatility, and risk management in general, we also look at the S&P 500 and the ASX 200 in detail.
There is plenty to learn here, especially given the current market conditions.
Murray is also running a free, four-day online workshop where he explains how his trading system works in more detail.
As I said, this is not about day trading. It’s a complete trading/risk management tool designed by someone with 20-plus years of market battle scars.
You can sign up for that workshop here. It’s free to attend — and highly recommended.