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Originally Posted by zonsb
Unanticipated incapacitation in the hospital for days, weeks or months. The market can move well past a 1000 points. Using you 1000pip qualifier you set so no rationalization about your incapacity negating the fact that the market may move more than 1000 pips while you're incapacitated.
Always have alternate plans for the unexpected.
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thanks for your advice, I will take it onboard. although without knowing my strategy or exit criteria, I think you are not informed enough to comment.
who do I need to rationalise my 1000 pip qualifier to??, I dont need to rationalise it with anyone here, fortunately for me, otherwise I would get the thumbs down by the majority of losers who trade very public domain methods and mainstream tactics......and probably lose in the process but come here and try and convince others they are profitable.
the unexpected has been accounted for and more importantly the probabilities for such events mentioned have also been identified,
I dont care where the market goes, because I manage my risk, nothing more nothing less, trading is all about the reallocation of risk from one trader to another and there is more than 1 way to skin a cat......
good luck in your trading,