Historically summer trading is quiet, last year we had unprecedented volatility but usually summer is a time money managers and traders get away from the screens. News flow can change things of course but being prepared for a quiet 6-8 weeks in the markets is prudent:

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  • Decrease position size – As a daytrader summer is rarely a time for full size positions
  • Don’t chase markets – Use $TICK’s and oscillators to help guide you
  • Use the time for research – Set alerts and use the downtime to work on your trading theory, plan and goals
  • Keep the moves in perspective – Chart scales, and little bursts on the tape need to be taken in context
  • Preserve capital – Cutting losers may not be glamorous but it’s a great way of dramatically increasing your annual net PnL

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