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SteadyTrade

Ep 144 - The Macro of Coronavirus and Trader Cautions with Zack Michaelson

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 21 April 2020

⏱️ 64 minutes

🧾️ Download transcript

Summary

As you’ve probably noticed, the landscape of day trading has changed a lot since the emergence of the coronavirus pandemic. While the recent market crashes have been terrifying, it’s not all bad news for traders. There are always opportunities to be found — it’s a matter of adapting your trading strategy. Right now, there are a lot of great trades to be found related to coronavirus and sympathy plays. But from a broader perspective, what are the ripple effects of the coronavirus on the glo...

Transcript

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0:00.0

You know, I kind of go back and forth myself a little bit, but what would you, what

0:06.5

would your answer be when someone says, it's just the flu?

0:11.0

Clearly, right?

0:11.9

The mortality rate is not anything like the flu.

0:16.5

The contagion rate is not anything.

0:17.9

Like, the two things that people talk about is this are not right for each person

0:23.0

that gets at how many other people will get it and this thing seems to be like very high we don't have

0:28.7

the estimates yet seems well over two and that's where you start talking about the danger zone it could

0:35.2

be way over that like in the smallpox area of contagion.

0:39.1

So that's what gets people freaked out.

0:46.2

You're listening to the Steady Trade Podcast.

0:50.8

A podcast that inspires traders to make meaningful strides and pursue their passions.

0:57.1

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall

1:03.2

Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:08.9

Together, we'll sit down with experts to talk about their process, the lessons they've

1:13.8

learned, and discuss how all traders can level up their trading careers.

1:22.5

Welcome back to the Steady Trade podcast.

1:25.1

Back here with Kim, Stephen is currently under quarantine right now.

1:29.9

And oddly enough, you know, where Stephen lives, to the longtime listeners, you know, Stephen

1:37.0

Johnson, our co-host.

1:38.4

But his internet at home isn't the best.

1:42.0

And, you know, oddly enough, he's enough he's quarantine well he's not quarantine he's

...

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