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Just another reason to have a stop in place or an option as a hedge. There
should always be a part of your plan that will limit your losses in case the
unexpected happens. Standard deviations, probabilities and assumptions be
damned, that 3% factor might get you for an amount that could be really
painful. Ira
Michael Ferguson wrote:
> co-Beginner notice:
>
> internet is slow and unreliable for me with broker server going off line.
> one of the little discussed aspects of electronic trading is the risk
> factors associated with internet stuff out of your control. it is healthy to
> have a way to benchmark your connection at all times, with this variable a
> concious part of your risk management plan. scalping from my location right
> now would qualify for a segment of Suicide Missions on the History Channel.
>
> which introduces another questions to beginners: you DO have a second
> account where you can trade if #1 goes down, or hedge acct #1 if you get
> stuck without access, RIGHT?
>
> Obviously this 'helpful hint' is not directed to any of the Real realtraders
> on the forum.
>
> Michael
>
>
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>
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