
Chat With Traders 079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor
18 snips
Jun 30, 2016 AI Snips
Chapters
Transcript
Episode notes
Use Monthly Charts for Trends
- Use monthly charts to identify long-term trends since they present less competition.
- Combine monthly, weekly, and daily charts to pinpoint high-probability trade reversals and entries.
Short-Term Traders Should Know Macro
- For short-term traders, understanding macro trends helps identify favorable entries within longer uptrends.
- Use the overall economic and chart trend to guide short-term trades like buying dips, reducing reversal risks.
Scale Positions Over Time
- Scale into long-term trends gradually instead of going all-in or all-out.
- Take partial profits when positions become extended but maintain exposure until trend reversal signals appear.
