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TradersCALM - Contingency Planning © "Dedicated to trading with good feelings." All services are free. |
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Contingency Planning is a tool used by a majority of calm traders to further improve their calm quotient. Calm traders are not surprised by an individual trading loss or series of losses. Calm traders are not surprised by unusual market behaviours or disruption to one of their means of operation. So what planning is required for what contingencies? Calm traders are prepared to cope with disruption to both their physical facilities and abnormal market behaviours. Have you the physical, financial and mental capacity to cope with : disruption to standard electrical supplies, temporary loss of standard telecommunications, temporary loss of computing facilities and/or data, temporary loss of voice, change of broker personnel, change in normal market relationships, unusually large market movement in either direction, ... Now imagine what you are going to do about it.. |
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