(Video: Market coach Doug Hirschhorn, PhD, discusses the five things traders can do to take smart risks in the market.)
For now, the market really has no idea which direction it's headed. Is it a bull or is it a bear. Are we set to take off, test new lows or stay flat for the foreseeable future?
The truth is, people always speculate, but no one knows for sure what's going to happen. And that's why it's a market.
Here are 5 things you can do to take smart risk in uncertain situations:
Trading really is a game of probabilities, not perfection. Put these five things in place, you can take smarter risks in uncertain markets.
Think better, invest smarter.