Terror threats and trading...

[snooptrader]

Any impact?

http://story.news.yahoo.com/news?tm...=/ap/20040525/ap_on_go_ca_st_pe/terror_threat

 

[LongShot]

yes, a potential impact exists. stop trading immediately if you get blown up.

 

[Kerry]

Turn off your news reader, take a deep breathe, and just trade man.

 

[kowboy]

If it's what to do to counteract a possible negative event crisis, that's simple. Don't overnight longs. Only overnight shorts.

I simply go to cash at the end of the day, unless shorting. IMO the rewards are not worth the risk to long overnight.

 

[TorontoTrader2]

Just don't hold long over a weekend, especially a long weekend!
Many Friday afternoons there is a dump into the close.

 

[uptik2000]

Make sure your stops are always in. (A few weeks ago I had some MER options that were at a nice profit. Bang, power in neighborhood goes out. By the time I got back in they were red).

You can always hold some OTM index puts as extra insurance.

 

[tradur]

watch, MAGS, mace,ipix when terror threats are likely . they run up when fear is greatest imo. when market goes up , they go down imo

 

[Corso482]

Quote from kowboy:

Don't overnight longs. Only overnight shorts.

And if Osama Bin Laden is captured, and you're holding an overnight short, you'll be screwed royally as well.

That's about the only "disasterous" scenario I can think of that would dramatically make the market skyrocket. Think of any others?

 

[globalfxllc]

not if you trade FX with a guaranteed stop!

No other market gives you this!

 

[wackojacko]

Quote from globalfxllc:

not if you trade FX with a guaranteed stop!

No other market gives you this!

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