Slipstream Trader: How to Trade in an Extreme Market

Slipstream Trader's Murray Dawes explains how to trade in extreme market conditions, using the example of a trade he made on the US S&P/500 during the Global Financial Crisis. A trade that didn't quite go as planned -- chiefly because Murray allowed his emotions to get the better of him...

Category:

People & Blogs

Tags:

• S&P500
• Global financial crisis
• slipstream
• trader
• trading
• forex
• market
• stocks
• dollar
• euro

[slipstreamtrader]

Hi there @movieklump I'm sorry to hear that you have had some troubles getting set up. Please contact customer service. I can't write their details here due to youtube policy. You will find their details on your confirmation email. They will be able to sort out your problems.

I can't understand why you would be asked for more money if you had already paid. It could be something to do with a mix up between quarterly and yearly payment options.

[alexeireyes]

Bravo! This video provides great advise! The wisdom in the narrative is very poignant but beneficial for people who wish to trade. I look forward to reviewing more of slipstreamtrader's upcoming posts! Great job, Mr. Dawes! :)

[movieklump]

Could anyone help me.  I joined slipstream trader by credit card got my membership and password and receipt and they sent me an email asking for twice as much.

Is this scam? Or is a legitimate because everything I have experienced so far has been very unprofessional.

[withoutmath]

I'd add another spin on the devastating trade example that you described: if Bush hadn't announced the bailouts and you had stuck to your hedge strategy and the markets continued to fall the next day; the temptation would have been to kick yourself for not going all in! All hedging strategies exist to reduce risk, and the trade off is accepting the possibility of some loss of opportunity. If that is unacceptable to a trader, then they must realize that they are by default going kamikaze.

[withoutmath]

Murray, thanks for a sober and informative discussion. I've been enjoying your weekly updates now for a few months here in Canada and find your perspectives on technicals and fundamentals extremely informative. Your personal story and your observations about the psychology of trading in extreme markets is something that we can all relate to!

[stokedhuman]

Murray I assume you trade international stocks/ETFs/options/futures etc. What broker do you use, and does it have all the charting functionality you require? I'm currently with Interactive Brokers but they're charting system is rubbish, and using a 3rd party charting program with IB seems unnecessarily complex. Cheers, and thanks for all the hard work (I'm also a member of Slipstream)

[markhobba]

Thanks. Theres nothing like trading to give one an experience of the power of greed.

[gloglos100]

Thanks, I stuffed up too.

[Minethis1]

Great Story! Thx for sharing and keep up the Great work.