# Investor activity driven by market behaviour Market behaviour and opportunities should determine how much risk you take and how much attention you give to trading & market behaviour. New actions should be taken when we have research, models & theories that tell us there is an opportunity for a highly favourable distribution of outcomes, or when there is information which increases the likelihood we are wrong about our ideas and should activate risk management procedures. When there are no actionable opportunities you should be looking for new ones and preparing for when they show up. This includes peparatoy research & modelling. Thinking through scenarios. Building frameworks & processes. When or if opportunity shows up, you are ready to act.