Subscribe Feed (RSS)Surviving in this game
February 4th, 2008 by eyal | Filed under Day Trading. |
Print This Post
Caravaggio posted a must read post for every trader or aspiring trader out there.
My worst winning trade, ever « the 3500
A strong wind is whipping up outside, and I hear of severe storms on the radio. A large ship has been grounded on our shores and the weather is preventing recovery operations. I too, feel helpless. My throat is sore, I need food, I need the toilet, my body hasn’t moved all day and my mind is exhausted, it is not natural … but I must watch, because when I leave something bad will happen … I just know it. And so I sit. But for how long? In a few hours the mkts close. I never hold currency positions overnight, let alone over a weekend. I have read the accounts of HPT (a trading blogger who recently blew-up) and Jerome Kerviel. These are fresh in my memory. I make promises to myself. If I get out of this alive, I will stop trading currencies for a while, for a few months perhaps. There is an emptiness about me. I feel a part of me has died today.
Survival and keeping sane are the holy grail, they trump it all. Maybe I’ll never make a fortune in the markets but I’m (hoping) I also reduce my risk of getting killed myself.
