The markets haven’t been to kind so far this year; what with a dropping S&P, sinking oil, and general economic slowdown. This isn’t really new, though. Several indicators are pointing toward a recession: lower revenues & earnings have happened for the past several quarters, lower economic reports, crawling to shrinking GDP. By those metrics, five out of the 10 major economies are already entering bearish territory.
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Description
The markets haven’t been to kind so far this year; what with a dropping S&P, sinking oil, and general economic slowdown. This isn’t really new, though. Several indicators are pointing toward a recession: lower revenues & earnings have happened for the past several quarters, lower economic reports, crawling to shrinking GDP. By those metrics, five out of the 10 major economies are already entering bearish territory.
These marketplace changes typically have another companion: fear. Volatility goes up, news networks start talking of economic slowdown and market panics, and anxiety generally takes over conversations related to the markets.
That fear isn’t universal, though. Traders with the knowledge of how to handle an impending bearish market simply switch strategies. Options come to the fore as volatility causes their price to spike. Specific sectors are assessed to find securities still on the rise. Traders with the know how just aren’t afraid.
To that end, Walter Mendenhall is working to improve the lives of others through the foundation bearing his namesake. Based in Chicago, Walter has dedicated his time to helping dispel the general fear of unknowing and doubt for youth and adults alike through motivational speaking, educational development, and leadership development. …and even with that taking up a considerable amount of time, Walter still finds time to trade, pulling in a 15% return last year.
If you count yourself among those who are facing anxiety with the current trends in the market, there is a solution: get educated. Start studying, take classes. Find a mentor. Get the knowledge to take bearish markets head on and come out ahead.
If you wish to leave the fear behind, Tackle Trading is offering a free 15 day trial of its Pro membership. You can head over to www.tackletrading.com and in the coupon field for purchasing the Pro membership, use the code: JUSTICE15.
In this episode, Matt and Tim are joined by entrepreneur and former NFL player Walter Mendenhall as they discuss trading, rising to meet adversity, and overcoming fear.
Notes
- For your free 15 day Tackle Trading Pro trial membership, follow this link and fill out the form with the coupon code: theta
- Click Here to join us at Tackle Trading