Managing risk is a major key to your success.
In built within all my OVI strategies is a risk control process, which will transform your results.
1. Only follow the OVI direction – this will increase your probabilities
2. Only follow my risk control process – this will ensure no uncontrollable outcomes.
How does this apply to these market conditions?
The main sentiment and vast majority of individual sentiment is bearish.
Don’t buck that!
Either find bearish setups or sit it out.
If you’re going for pre-earnings setups, control your risk with lower trade size and using options so you know what your maximum risk is with certainty.
If you’re going for post-earnings setups, make sure they’re based on breakouts.
With all setups right now, be super conservative with your P1.
That is the golden rule of rules!