Comments on: Overcoming Trading Disasters

By: YOUR Trading Plan, Part 2 | TheStockBandit.net

YOUR Trading Plan, Part 2 | TheStockBandit.net — Tue, 14 Jun 2011 14:36:38 +0000

[...] this into their plan, but if they did, they’d be miles ahead and avoid many painful trading disasters as [...]

By: Premature Evacuation from Trades | TheStockBandit.net

Premature Evacuation from Trades | TheStockBandit.net — Mon, 23 May 2011 15:10:25 +0000

[...] but staying wrong is different – don’t stay wrong! Limit your losses so that they can be overcome with reasonable winning trades. Don’t dig a hole so deep you need a miracle to get out – [...]

By: Three Pillars of Risk Management | TheStockBandit.net

Three Pillars of Risk Management | TheStockBandit.net — Wed, 14 Jul 2010 11:42:16 +0000

[...] what it means to blow stops, and most likely, it doesn’t pay off when we do. That’s a self-inflicted mistake that can be avoided, provided some measures are taken to help automate the [...]

By: More on Recovering from Trading Losses | TheStockBandit.net

More on Recovering from Trading Losses | TheStockBandit.net — Mon, 17 Aug 2009 11:44:30 +0000

[...] proven to work for you over time, but rather that you install some safety rails for yourself before the damage becomes far more difficult to [...]

By: World Series Series, Part 2 - Have a Backup | TheStockBandit.net

World Series Series, Part 2 - Have a Backup | TheStockBandit.net — Fri, 24 Oct 2008 01:46:17 +0000

[...] There’s nothing like being able to limit your losses, so make every effort to do so. Determine where you need to be out of a position, and stick with it. But don’t be afraid to have a disaster plan in place just in case. If your position gaps through your stop, what will you do? [...]

By: marketpsych

marketpsych — Wed, 16 Jan 2008 01:25:38 +0000

I like this post. In particular, ‘Avoiding Temptation’ and ‘Soaking it In’ are both rock solid advice and savvy real-world applications of what to do when confronted by our inbuilt hueristics of psychology in trading.

Cheers,
Irrational Minds

By: wipedout

wipedout — Thu, 15 Nov 2007 03:04:53 +0000

I like this article. I recently went through a blow-out experience which I would call the Blackstone-Crox effect since those two stocks wiped out my days of profits ($90,000) due to wrong position sizing and no stop loss.
I have little equity left and am aiming to recover in the next 4 years.

By: links for 2007-11-14 : Trader Eyal

links for 2007-11-14 : Trader Eyal — Wed, 14 Nov 2007 14:22:31 +0000

[...] Overcoming Trading Disasters | TheStockBandit.net every style offers the opportunity for the occasional blow-up to occur. handling trading disasters. via tradermike (tags: Trading Disasters Problems) [...]

By: MarketBeat Blog - WSJ.com : Blog Roll -- Inflation, Zimbabwean Style

MarketBeat Blog - WSJ.com : Blog Roll -- Inflation, Zimbabwean Style — Tue, 13 Nov 2007 20:39:33 +0000

[...] Today is indeed a good day, but the market has been full of bad ones lately. Jeff White of TheStockBandit.net says it’s important not to make bad days worse. “Whether you get kicked in the teeth by a morning gap against your overnight position or you�ve simply hit your daily limit on losses, it can be a very tall order to make it back quickly,” he writes. “Many a trader can relate stories of attempting a comeback from a trade gone bad only to dig deeper into their hole, ultimately finding themselves down farther than they were when their bad day began.” [...]