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BURN IT DOWN

I remember when this happened to the Duke brothers in the 80s.

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It is just carnage from one day to the next, and there is little room to move. It has gotten to the stage where I am withdrawing from positions and just holding onto the deposited cash. 

 

Thing is, even the Asian markets are teetering, so my Chinese stuff is not doing well. 

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1 hour ago, DieselDaisy said:

It is just carnage from one day to the next, and there is little room to move. It has gotten to the stage where I am withdrawing from positions and just holding onto the deposited cash. 

 

Thing is, even the Asian markets are teetering, so my Chinese stuff is not doing well. 

Really good trading day. S&P dropped over 100 points so a couple of short positions and I've made out like a bandit! :lol: 

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I mean you told me you lost a grand or two awhile ago in about five minutes Gordon Gecko.

 

If you've made a bomb, you could have lost a bomb. Nick Leeson had a short straddle on the Nikkei. Then the Kobe earthquake happened and Barings went kaputt!

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36 minutes ago, DieselDaisy said:

I mean you told me you lost a grand or two awhile ago in about five minutes Gordon Gecko.

 

If you've made a bomb, you could have lost a bomb. Nick Leeson had a short straddle on the Nikkei. Then the Kobe earthquake happened and Barings went kaputt!

Oh I know that very well but I've been making sure to keep a reasonable trailing stop loss in place of late. When I had an issue before I was basically not paying attention to my entry points and moving my stop loss rather than taking a small loss and moving on I was basically letting it run much too far.

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