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One Ticker Trader
One Ticker Trader: Benedict's approach is primarily grounded in understanding how markets interact. He believes that no market operates in isolation; hence he constantly observes the intricate dance between different markets. To give you an example, there are moments when the S&P 500 might move in sync with Treasury bonds, and at other times, it dances to the tune of crude oil prices.
This inter-market choreography is crucial for Benedict's strategy. If two markets are positively linked, and one seems to be skyrocketing beyond reason, he'll bet against it (short it) while simultaneously backing the correlated market. This is a sort of market seesaw he uses to balance his risk. Do note the timing of such maneuvers is not necessarily simultaneous; the existing price levels and other conditions determine it.
The key word here is discretion. His approach is highly adaptive, reflecting the shifting sands of the market, and there's no hard-and-fast rule on how he executes his trades. It’s not a paint-by-numbers game - it requires a tailored touch based on the trader's style and perception.
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Risk management is another cornerstone of Benedict's method. He strictly caps his portfolio risk to a modest 2.0 - 2.5%. In layman's terms, he's only willing to risk losing much of his portfolio on any given trade. When his losses approach this self-imposed limit, he scales down, trading smaller volumes until he's back in the black. This discipline of limiting losses and reducing exposure when the tide is against you is a lesson many traders could benefit from.
Lastly, Benedict emphasizes the importance of trading when the opportunity presents itself rather than being driven by a relentless pursuit of profit. This is a valuable reminder for traders: look before you leap, and be patient for the right moment to strike.