Stay in cash before big data releases and major events.
When important data is released, the market movement can be very random. Trading at this time is akin to gambling on the market trends, and it can easily lead to frustration.
Moreover, the market is frantic during data releases, and the fluctuations happen too quickly, making slippage during trades very likely. This can amplify stop losses and create uncontrollable risks. Therefore, during big data releases and major events, it's advisable to remain in cash and observe.
Some money is better left unearned than to lose everything.
It's important to know that the impact of data and events is often more severe than we anticipate. Even if you think you are fully prepared, unexpected extreme fluctuations can catch you off guard. Yet, there are always those who think 'this time is different' and want to profit in the chaos—guess where most of these people end up falling into hidden risk points?
