The aftermath of 5 May 2013... There was carnage as the algos run amok on 6 May 2013... I suspected that the majority were on the short side going into Monday's opening...
heard some horror stories local participants losing 200000 300000 on 6 May. How? Basically greed took over, and the took too big positions short. They disregarded risk control and gambled to go for the big killing. They were gambling instead of trading. patience and discipline is paramount in leveraged futures trading.
heard some horror stories local participants losing 200000 300000 on 6 May. How? Basically greed took over, and the took too big positions short. They disregarded risk control and gambled to go for the big killing. They were gambling instead of trading. patience and discipline is paramount in leveraged futures trading.
posted by emacro @ 7:03 PM
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