When it comes to trading news, some people may see it as gambling, but I believe that's only true if you're trading without a plan. As a trader, you have to be prepared for anything, and that includes the volatility that can come with news events.
Today, I breached an old TFT Rapid account, but I saw this as an opportunity rather than a setback. It was a chance to offload or recover the account within 0.5% of Max DD, and once that was done, it was a relief to get it off my radar. This only after it had served its purpose over 7 months, generating its refund and multiple payouts. Plus, I have multiple other funded accounts, so I wasn't too worried.
During Asian Session, I caught a clean overnight play on AUD/USD, using a simple retracement after an FGD signal. I closed the trade prior to news during the NY session, but I also scalped news in both directions later in the day, doing well on most of my accounts. My focus now is on building equity on my existing accounts and passing evaluations.
In summary, trading news is not gambling as long as you have a plan and are prepared for the volatility that may come with it. Don't be afraid to take advantage of opportunities that may arise from news events, but always remember to stick to your strategy and manage your risk.
Don't forget to check out my recently launched book list with my favorites, where you can claim a free Audible trial with up to 2 free audiobooks. As a trader, I've found that a lot of my influence and growth has come from reading and learning from books, and I hope this resource can help you in your journey as well. Thank you for your support!
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