World’s largest hedge fund didn’t even know what to do

It’s no secret…

We’re in a challenging time right now.

Traders at all levels are struggling to navigate the crazy markets we’ve had.

Even Hedge Fund managers with 40+ years experience are having issues, like this article about Ray Dalio, the billionaire co-founder of the world’s largest hedge fund:

In the article Ray said “We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.” 

Now, obviously overseeing a $160 billion hedge fund has a unique set of challenges, and Bloomberg News reported Dalio’s macro fund had lost 20% so far this year (at the time of writing). Ouch – that’s a pretty decent hit!

But even retail traders with more modest sized accounts have struggled to navigate this crisis. Traders who didn’t have a protection plan in place have suffered large losses.

So is the worst behind us?

We’ve seen a pretty fast rebound in some markets, so is it all over now? Will things return to “normal” soon?

Head of the Federal Reserve Bank of Minneapolis, Neel Kashkari recently said “This could be a long, hard road that we have ahead of us… It’s hard for me to see a V-shaped recovery under that scenario.”

And, the IMF is even predicting the worst recession of this century is coming, which will no doubt result in more market turbulence in the future.

Unfortunately, it looks like the challenging times may be far from over.

Are you ready for that?

Do you have a plan in place to protect your trading account when things get crazier?

Are you ready for any other crisis that might come after this one?

The best thing traders can do right now is to not get complacent. Don’t assume the worst is over because that may not be true.

Smart traders should be using this time to get better prepared, because failure to prepare now could result in complete trading failure in the future.

And that’s exactly why we’ve spent so much time creating a special ‘pandemic survival plan’ for trading portfolios in the May issue of the Empowered Trader newsletter.

In this issue, which is almost double the amount of pages we normally publish, we discuss 3 highly effective techniques traders can use to survive a crisis, make their portfolios ‘pandemic proof’ and protect their accounts for the long-term (while still taking advantage of potential opportunities as they arise).

Plus we include a special bonus that can help you apply these techniques to your own trading strategies in as little as 5 minutes (if you know how to apply them properly, which we’ll show you).

With this information you can set yourself up for protection when the next crisis hits, so if you’re an Empowered Trader member, look out for this valuable issue in your mailboxes in the next few weeks.

And, if you’re not a subscriber to the Empowered Trader newsletter yet, this issue is vital for you to consider – it could just save your trading account in the future (pretty good value for just $30!)

It’s only available for a few more days though, then it closes so we can send the final list to the printers for mailing. You can sign up here.

Be prepared and stay safe,

Tomas and Andrew