"ANYTHING CAN HAPPEN" is a statement that should be burned on everyones mind. And this statement was never more true than now.
The markets may be manipilated, they may be controled by robots, but this is just an inherant fact of the market that one must live with. If you cant accept this then it will drive you crazy.
Controling risk is the number onething for a trader, plenty people make money trading with bad MM. But bad MM will kick your ass eventually, and today is one of those days. No single trade should ever have the ability to cause serious damage to your account. A carpenter would not leave his expensive tools out in the rain to rust? Your account is the most precious thing, you must guard it with your life.
We have a very serious situation in japan, and who knows what is going to happen. The market will be here in a year (if it isnt you will have bigger things to worry about). These big moves can play tricks on you and make you do stupid things, if you feel that its like this then just take a break.
Anyway enough rant. Stay safe, and think about the people who are risking their lives at fukushima
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- Mar 16, 2011 7:04pm Mar 16, 2011 7:04pm
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- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
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The Black Swan: The Impact of the Highly Improbable
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- Edited 7:34pm Mar 16, 2011 7:22pm | Edited 7:34pm
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
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The trend is your friend till the bend at the end.
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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