DislikedMoney and finances in trading is a touchy subject.
DOES have 100's of 1000's of dollars invested in their trading
have AT LEAST 2 backup plans if it goes wrong?Ignored
Agreements flowing this arvo, can be a good direction for this thread.
And yes there was a trader who got caught without a Plan B or C on here, in his own words.
On the first trading day of January 2019.
With the massive spike down on the Yen pairs.
Where the EURJPY went straight back down to the gap-up target from two years prior.
It all happened within a one minute candle shortly after open.
With price pretty much returning then to its starting point after flushing plenty of account margins.
The trader said he had a raft of Yen crosses open that wiped $10 million from his account leaving him with about $500,000 in his kitty.
There is a binned thread somewhere (I don’t know where) where he explained his losses.
He had left many open trades across that whole New Year period.
So yes, have at least two backup plans is good advice
(and perhaps be flat across all trades over any major festive period unless you like playing a/c roulette)
.