058: Paul Singh – Planning and Preparation: Failing to Plan is Planning to Fail
Chat With Traders
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How to React to a Sharp Sell-Off
Swing traders often ask, how do you react when let's say, all of a sudden, shit hits the fan in China. John Tudor Jones: If you're trading part-time and you have a hard stop, there's nothing you can do. But if you've got your job, but you can kind of monitor, especially with cell phones and all that kind of stuff, you can monitor it a little bit. When something like that happens, what I'll do is even if it's obliterated my stop - now my risk reward is all screwed up -- usually that's the worst place to get out.
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