How do you avoid news induced, violent moves? | Traders Hideout


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How do you avoid news induced, violent moves?

  #1 (permalink)

Seattle WA/USA
 
 
Posts: 3 since Feb 2018
Thanks: 0 given, 1 received

How do you avoid news induced, violent moves?

Hi guys,

I was trading US steel stock on Friday and was caught shorting it before the Commerce Department announced that it would recommend steel tariffs.

I got caught on the wrong side. Is there any way to avoid a situation like this with any tools/news that tells a major event/announcement is about to come up with regard to a particular ticker?

Thanks!

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