A mid-toothbrushing sneeze! Never even heard of one. Didn’t even know it was possible.
But there I was…mouth full of foam, a clean mirror before me, and the sudden realization that both of those things were about to change.
Did I panic? Did I pout? Did I argue with my sinuses and declare “you can’t do that, I wasn’t ready!” or anything along those lines? No, because none of those routes could prevent what was already in the process of happening. I just went with it and did the best I could to minimize the damage.
Trading can be much the same way.
An unexpected downgrade, a sudden gap, a news-pending halt, a buyout bid, FDA approvals…the list is long. You cannot possibly foresee all of the scenarios that might play out, but you can be as prepared as possible and commit to making level-headed decisions.
When it looks like it’s going to be bad, go the route of damage control and make the most of it. Surprises are a part of life and surprises will happen in trading. All you can do is to be in the habit of moving forward the best way you possibly can.
Take a trial to my Stock Pick Service to get my trades.
Trade Like a Bandit!