14 Mar March 13th Chat: Post-Market Rally Impromptu on Risk Control
This chat was an impromptu that took place after FOMC and JPM/BAC news that resulted in a large rally. I observed traders who are clients at my new brokerage take on excessive risk, not pay attention to daily loss limits and trade against the prevailing trend incessantly.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.