This market has just blown up traders accounts….
Black Swan events happen more frequently than traders think. This one will have blown up accounts all around the world. Stay safe and manage your risk…
Black Swan events happen more frequently than traders think. This one will have blown up accounts all around the world. Stay safe and manage your risk…
3 Comments
This resonates 100% with me. I think the difficulty people have is “where” to put a stop loss. It’s a game theory thing – they know that we know that they know … etc – stop chasing algo’s are just taking them out. That’s the conundrum that drives people (like me, I have done it!) to see stop losses as just playing into the big money’s hands.
Yes, what Charlie describes is exactly what’s happened to me – listening to him took me back into that awful trap where you can’t bring yourself to bail out because you keep thinking the market is bound to recover. But it just falls further. So the good news is, I’m new to trading and have only been running a virtual account with pretend money to learn and gain experience. Great video and great advice. Thanks Charlie!
Of course, on the other side will be the sellers who held on, …..