Last week, the week of the 400 point DOW disaster, was the worst week I have had trading considering that the Web collapse of 2000. On Tuesday, I awakened to Bloomberg discussing China’s 9% mess and the issues of it bring over to our markets. Definitely stops would be activated, at the opening, which would set off a domino effect. Where would the marketplace pick up a breather? It was anyone’s guess. Not being a fan of tough stops – I thought that my mental stop technique would work in my favor. My choice is to set psychological stops and close out positions at the close if set off. This is a technique that I utilize to take the intra-day feelings from my trading strategy.
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I did take 2 things far from that experience that I keep in mind to this day. Have the ability to adapt (a better word than compromise) in circumstances that call for an imaginative option. That is a great lesson in any walk of life. I think this is something many people aim to do instinctively. Trouble develops when you are too set on a concept and unable or reluctant to jeopardize when that is the only option.
Mr. Anderson was a manufacturer of the nationally televised PBS unique, Gospel at the Symphony that was chosen for an Emmy, and won a Grammy for the double album soundtrack. He won a best cinematographer award for the movie, Pilgrim’s Development, which was the first function movie where Liam Neeson had a staring role. He has actually produced, directed, or shot over 500 national tv commercials for True Value Hardware Stores. Mr. Anderson owns The Market Location, a client-based animated marketing videos for medical and commercial clients. His productions have actually taken him all over the world including India, New Guinea, Europe, Canada, and throughout the United States.
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