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\nCut Your Losses Short – Quick but important advice by\u00a0John Thorpe, Senior Broker and ex floor broker:<\/h1>\n
Cut Your Losses Short – Quick but important advice by\u00a0John Thorpe, Senior Broker and ex floor broker:<\/h1>\n<\/div>\nAs Brokers we see too many self directed accounts under stress because losses are allowed to run.<\/div>\nI am not quite sure what the logic is, or even if there is logic attached to the decision to hang on to losing trade Ideas,\u00a0and many times doubling up or even tripling up on the losing position. Invariably,\u00a0when there is no more money left, the client is forced out only to see the market finally turn.<\/div>\nOne of the traders Jack D. Schwager interviewed for his first Market Wizards book had this quote and a dose of reality.<\/div>\nI tend to cut bad trades as soon as possible, forget them, and then move on to new opportunities. The elements of good trading are: (1)\u00a0cutting losses, (2)\u00a0cutting losses, and (3)\u00a0cutting losses. If you follow these three rules, you may have a chance. \u2013 Ed Seykota<\/div>\n<\/div>\n<\/div>\nIf you are looking for other reference material please\u00a0contact your Cannon Broker<\/a> for lists of solid, informative and helpful trading tomes<\/div>\n<\/div>\nGood Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
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Futures Trading Levels<\/strong><\/h3>\n11-09-2021<\/p>\n
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![\"Futures](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/dfaaadb1-45b0-411d-831b-b104ddd3e0a7.png\" "\\"\\"")
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\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
As Brokers we see too many self directed accounts under stress because losses are allowed to run.<\/div>\n
I am not quite sure what the logic is, or even if there is logic attached to the decision to hang on to losing trade Ideas,\u00a0and many times doubling up or even tripling up on the losing position. Invariably,\u00a0when there is no more money left, the client is forced out only to see the market finally turn.<\/div>\n
One of the traders Jack D. Schwager interviewed for his first Market Wizards book had this quote and a dose of reality.<\/div>\n
I tend to cut bad trades as soon as possible, forget them, and then move on to new opportunities. The elements of good trading are: (1)\u00a0cutting losses, (2)\u00a0cutting losses, and (3)\u00a0cutting losses. If you follow these three rules, you may have a chance. \u2013 Ed Seykota<\/div>\n
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If you are looking for other reference material please\u00a0contact your Cannon Broker<\/a> for lists of solid, informative and helpful trading tomes<\/div>\n<\/div>\nGood Trading<\/strong><\/h3>\n
Good Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
<\/p>\n
Futures Trading Levels<\/strong><\/h3>\n11-09-2021<\/p>\n
<\/p>\n
<\/p>\n
\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
11-09-2021<\/p>\n
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![\"Better](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/e730bb82-a8ca-482b-bc69-03c84064d795.png\" "\\"\\"")
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