Kardec Trader explains why he avoids trading during weeks packed with economic events. Abundant information doesn't create immediate opportunities until prices absorb it, so he watches and sets up plays that may materialize days later instead of forcing trades into volatility.
If we have a big week with economic events, I don't want to trade that week. Oh, the market has big economic events coming this week. Oh, my God, there's this happening, that happening. And I'm like, just because there's a lot of information, information does not lead to opportunity. And people think, oh, my God, there's these 10 events happening. Market is going to give us something. And I'm like, no, that. That's not how the market works. When there's more information, opportunity doesn't get present until that information sometimes gets integrated into price. So for days like that or weeks like that, I stay cash or I reduce my risk to be just watching the market and setting up for plays. That may happen in four days, they may happen in five days.
