Hi FTI & Friends!
How are you doing?
A lot of discussion about rescues, skews and timing lately.
Some topics are coming back to the agenda every now and then.
We are looking for rules all the time, especially when we are new to something and have not much experience with it.
But from my understanding in trading there is no reliable rule, except that there is no fixed rule. Something that worked out yesterday may fail today.
The only major pinciple we should stick with, is keeping our book save, which requires a very active risk and position management. You should be always aware of your recent positions size and what it will cost you, if a position is going down 50 or 100 pips in a sudden move ...
Ok, back to my "drawing board".
All the best for all of you!!
Niels
How are you doing?
A lot of discussion about rescues, skews and timing lately.
Some topics are coming back to the agenda every now and then.
We are looking for rules all the time, especially when we are new to something and have not much experience with it.
But from my understanding in trading there is no reliable rule, except that there is no fixed rule. Something that worked out yesterday may fail today.
The only major pinciple we should stick with, is keeping our book save, which requires a very active risk and position management. You should be always aware of your recent positions size and what it will cost you, if a position is going down 50 or 100 pips in a sudden move ...
Ok, back to my "drawing board".
All the best for all of you!!
Niels