{"id":2155,"date":"2016-06-28T13:28:09","date_gmt":"2016-06-28T12:28:09","guid":{"rendered":"http:\/\/www.tradersnest.com\/?p=2155"},"modified":"2020-04-30T02:22:43","modified_gmt":"2020-04-30T01:22:43","slug":"brexit-eu-calamity-now-turn-look-personal-opportunity","status":"publish","type":"post","link":"https:\/\/www.tradersnest.com\/articles\/brexit-eu-calamity-now-turn-look-personal-opportunity\/","title":{"rendered":"Brexit and the EU calamity: Now turn and look for your personal opportunity"},"content":{"rendered":"

\"Brexit_opt\"<\/a><\/p>\n

Well, what a week that was!<\/span><\/p>\n

I stayed away from any active trading during Brexit week. If you’re a member of Overnight Momentum Trader or the Forex Breakthrough Academy you would have seen my suggestions to watch from afar and wait until the dust had settled.<\/span><\/p>\n

But as I was driving down to the garden centre on Saturday morning I began to think: \u2018So where does it all go from here?’<\/span><\/p>\n

As strange as it sounds, I didn’t really give it too much thought on Friday. I purposely switched off – mainly to avoid getting drawn into any heated and opinionated arguments with people.<\/span><\/p>\n

And there really were some raging rows going on!<\/span><\/p>\n

I personally know close friends and family units who may never relate to each other in the same way ever again. I think they may come to regret some of the incendiary \u2018Remainers\u2019 vs \u2018Leavers\u2019 slurs that have been thrown about, especially since much of it is now saved for posterity on their social media feeds (with screenshots taken by the offended parties in case of deletion). It got really nasty, really fast.<\/span><\/p>\n

I have trouble relating to that kind of response. For me, if there’s nothing that can be done to effect change, moaning and griping about it all day is just time wasted.<\/span><\/p>\n

I don’t mean it’s wrong to have an opinion after an event like Brexit, and that carefully directed efforts can’t be contributed to the right cause over the long term, but where’s the return on investment from a day spent furiously tweeting and arguing? That’s not going to change my personal situation for the better anytime soon is it?<\/span><\/p>\n

One of the saddest things I saw came from a group of younger people. They were using a ‘Not in Our Name’-themed hashtag on their tweets. The idea being that their futures had been ‘taken away’ by the older generations who had supported the Leave vote most strongly.<\/span><\/p>\n

To take that logic to its conclusion: if their futures could be taken way by other people, they must already have placed responsibility for their prospective future success in other people’s hands too, no?<\/span><\/p>\n

That seems a powerless and impotent philosophy to me. The only thing anyone is entitled to is opportunity and a right to grab it. And if external conditions change – and they ALWAYS change – you just need to look for the chink of opportunity, drop down a gear, and set off in a new direction to pursue it. For me, there’s no such thing as a ‘good change’ or a ‘bad change’. It all comes down to how you embrace it.<\/span><\/p>\n

But I reckon I’m preaching to the converted here. By definition we traders thrive off chaotic change because that’s what moves the markets! If the world just ticked along nicely it would be pretty boring watching the charts. You’d just see a flat horizontal line!<\/span><\/p>\n

That doesn’t mean I have any idea of what comes next or where the opportunities will be of course. That’ll be a case of watching, waiting, and then reacting when the time is right.<\/span><\/p>\n

But I’ve been keeping an eye on ideas and possibilities being floated around. It doesn’t hurt to have some ‘possibilities’ in mind so you’ve got something to focus on. You then wait until you see signs that it’s actually happening and then make your move.<\/span><\/p>\n

So let’s see what they’ve been saying.<\/span><\/p>\n

First, here’s the crux of a wider EU economic problem neatly summarised by<\/span>\u00a0David Haggith<\/a>:<\/span><\/p>\n

“You cannot stop this [EU] collapse, nor can you talk it into happening with negativity either. It is going to happen because it has to happen. It has inevitability all over it. Economic structures that should never have been created in the first place are giving way in what will become total structural failure. They are giving way because of their own flawed design:<\/em><\/span><\/p>\n