Black Swan events are market fodder that feeds the appetite of investors insatiable taste for price movement.

Not always a welcome surprise because black swan events come unexpectedly. But they are in fact the norm, some bigger than others, but their regularity is amazingly akin to the number of price trends or opportunities that still manage to occur through the choppy waters of these events, so for the most part they are welcome events.

Embrace, them don’t fight them, it’s what keeps the market alive and throbbing. How important are they? It varies but the magnitude is invariably magnified by our emotions and sadly that often directs trading decisions rather than solid trade management.

The general reaction to a ‘big one” is to panic, ring your broker and say what the hell do I do. I know I’ve had many of those calls. Well big tip they don’t know, neither do I. You need to know before it happens what you’re going to do, not after.

It is still about the control your trade plan gives you and it guidance. It’s tough, its fearless, its prepared and it doesn’t care what you think. It’ll deal with it for you the best way it can. Although our initial reaction can be one of flurry and confusion the trading nexus is only established we we can plot our course safely, sensibly and in a poised state – with some guidance.

And so it goes: We should focus on our trade plan, which we can control, not the events themselves, which we can’t control.