Info!! Preparing For Trading Disasters

I idea this New York Times story on the theme of how people are unprepared for crises together with emergencies has detail relevance to trading.

How many of us bring "disaster plans" that we've genuinely walked ourselves through for the next situations:

1) Outlier moves inwards the marketplace against our positions;

2) Series of losing days/weeks/months leading to unexpected outlier drawdowns;

3) Failure of equipment (online connection, computer) or inability to achieve a broker when a grade is moving against us;

4) Incapacitation when nosotros bring positions inwards markets;

5) Financial failures of our banks or brokers, tying upward our coin unexpectedly.

The interesting message from the Times article is that people are nearly probable to deed upon their plans if they've actively rehearsed them. I suspect this is equally truthful for fry disasters--such equally a marketplace blowing through your mental stop-loss point--as for large ones.
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