Re: This time it's different

[dealmaker]

https://www.oaktreecapital.com/docs/default-source/memos/this-time-its-different.pdf

 

[maxinger]

The experts see things differently from professional traders.
The experts said this time it's different.

Professional traders see this time to be similar to any other trading days.
And every single trading day is a great trading day.

 

[tommcginnis]

DEFINITELY a "Top 10 ET post" for 2019.

Everyone should read this. Twice, even. Hand it to your kids. Print it out and post it in the gym.

And always have a stop. READ THIS.
https://www.oaktreecapital.com/docs/default-source/memos/this-time-its-different.pdf

 

[gaussian]

DEFINITELY a "Top 10 ET post" for 2019.

Everyone should read this. Twice, even. Hand it to your kids. Print it out and post it in the gym.

And always have a stop.

This should have a caveat. Stops for option positions don't really exist. Use proper risk management. In the case of options this would mean limiting maximum debit/margin requirement on a short to your maximum per-trade risk tolerance.

 

[Variss]

Certainly I would agree with Maxinger that “experts” see things so differently from professional traders. This market is very risky, nobody is denying it, but you must be crazy to enter any financial market without any previous knowledge about it and techniques of risk controlling