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How do you avoid news induced, violent moves?
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How do you avoid news induced, violent moves?

  #1 (permalink)
Seattle WA/USA
 
 
Posts: 3 since Feb 2018
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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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  #3 (permalink)
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auroratrader View Post
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!


It's important for whatever market you trade to know when the news is coming out. Did the Commerce Department have a scheduled release on Friday? A quick Google search is telling me that they had a Section 232 Report release. The other thing you can do (once you know your market better) is watch the bid/ask size as it approaches a news release. If US Steel stock is usually 300 shares bid by 200 shares ask, and then it suddenly drops to 4 bid by 7 ask, you should realize that something is about to drop that has players unwilling to risk their capital.

Overall, it's really about knowing your market. Sometimes Trump will tweet something inane that pushes the market around; there's no way to dodge this event risk other than just staying out of the market. Usually though, event risk is totally avoidable if you know the news schedule beforehand.

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