{"id":112,"date":"2008-01-21T14:35:55","date_gmt":"2008-01-21T21:35:55","guid":{"rendered":"http:\/\/eriknovales.com\/blog\/index.php\/2008\/01\/21\/the-running-through-of-the-bulls\/"},"modified":"2008-01-21T14:35:55","modified_gmt":"2008-01-21T21:35:55","slug":"the-running-through-of-the-bulls","status":"publish","type":"post","link":"https:\/\/eriknovales.com\/?p=112","title":{"rendered":"The Running (Through) of the Bulls"},"content":{"rendered":"

A futures trader<\/a> (apparently still in college) loses 40K, wiping out his account<\/a>, over the long weekend on Dow futures. There are some YouTube videos on there as well, with a picture-in-picture of him superimposed over his trading software, swearing a lot. From an article<\/a> linked to in comments elsewhere on his blog:<\/p>\n

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From my experience, you will fare much better in the long run by implementing a daily loss limit. The numbers just work out that way. However, forcing yourself to adhere to your own rules and actually walking away from trading once a daily loss limit is reached is one of the most challenging steps a trader can take. In my eyes, this ability separates traders from gamblers. As a trader, you must accept risk, understand the risk you have accepted and construct your own parameters of risk, knowing that one single trading day is just a small piece of a much bigger puzzle. I have been assisting clients with day trading online for nine years. I have never witnessed a situation where one single day \u00e2\u20ac\u0153made a trader,\u00e2\u20ac\u009d but I have witnessed many single trading days that destroyed traders.<\/strong><\/p>\n<\/blockquote>\n

This week is going to be very interesting, to say the least.<\/p>\n","protected":false},"excerpt":{"rendered":"

A futures trader (apparently still in college) loses 40K, wiping out his account, over the long weekend on Dow futures. There are some YouTube videos on there as well, with a picture-in-picture of him superimposed over his trading software, swearing a lot. From an article linked to in comments elsewhere on his blog: From my […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-112","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/eriknovales.com\/index.php?rest_route=\/wp\/v2\/posts\/112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eriknovales.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eriknovales.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eriknovales.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eriknovales.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112"}],"version-history":[{"count":0,"href":"https:\/\/eriknovales.com\/index.php?rest_route=\/wp\/v2\/posts\/112\/revisions"}],"wp:attachment":[{"href":"https:\/\/eriknovales.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eriknovales.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eriknovales.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}