Sometimes people are not smart enough to follow their own advice.

As we saw together, in today's volatile market, one cannot successfully set a stop-loss and avoid taking a huge loss over a very momentary, micro-second plunge of a billion pips below the point where that market is trading.

But here is what one can do. If you are finally resolved buy into a market, never never never just go into that market and place a buy order, at the market, or at the price it takes to bluster your way into a position. That position might look good to you, on paper, but it's a fool's gambit.

I said that market was going to dip severely after you held your position. Right? Right. And that's why you can't afford to ever place a stop-loss order in that dangerous volatility.

When you place a stop-loss order, you own that loss! When it hits, the entire sum of it is whisked from you bank account! Boom. It's gone. With no stop loss, you lose nothing; you keep right on ticking as though it never happened. This makes the entire, micro-second loss only a loss in theory. It's only real if one is bound to buy it--thinking he's side stepping a bigger loss. What he's doing is inviting a huge loss, and then owning it!

But here is what you can do the beat the Central Banks at this account-breaking, devilish-trading market. This place is by no circumstance a market, and least not an orderly one!

How to buy against the Huge Swings.

If you have no position, want to buy in, and you believe the market is a gainer, it's ticking green. You don't place a market order. No. No. No.

You click into that chart, well below the action. Well, well below the action, all the way down to where you would never buy it. That's where you want to buy it.

You never want to buy a volatile market where it's trading. Why would you! It's volatile.

Place your preferred order at that low price. Chances are you won't have to wait a week to own it. You may even hit it the same day. But be bold. Always expect bad losses in the tumult! They're coming. I wrote this to help you come out better, as we see. Thinking so is what makes profitable trading!

Plop Plop. Fizz Fizz. Alka-Seltzer's still in bizz.

A Profit-Taker's Tip.

What happens when you missed your big chance to cash out! That's right! You were sleeping! Here's where Limit Orders save the day.

Your broker will let you set up a limit order, way to the good side of where you're trading. You can amend and adjust that cash-out figure as often as you like.

Then, when you least expect it, a Big Central Player smashes the market with a billion-dollar swing. Or a 500-Billion-Dollar Swing. It's huge. Better than you'd ever hoped.

If you have that trigger set, in your Limit Order, you own that profit. The money is flashed into your cash account, and your position is reduced, or closed out, as you have it set.

Bingo, you win! For the same reason that Stop Losses are a disaster, Limit Orders are a gift from far beyond your best hopes. Hope big, and see them coming!

Our Motto:
Nothing happens on the chart corridor by accident. But it happens.

We have heard it said, that trading options and forex is for everybody. This is not the case. Trying to learn a good technique in a practice account is not feasible. Students always overlook their mistakes. A live tutor is better, but not good enough. The only way to learn trading is to experience the loss. How much loss is the seriousness of the lesson. If you are not deeply technical and dedicated, taking this route will not end satisfactorily.

Remember! If you stop out of trading, and realize account depletion, depending on the level of financing and the height of the loss, you can wipe out your capital and receive a margin call. Or forced sale. This is when experience shows, without realizing the loss, conditions can revert given time and a little patience.

What is the best way out of a bad position? If you were right when you bought it, it's not bad, but looks bad for a time. Be careful of setting up counter positions: they can really go bad! The best way out of bad position is giving the market time. Usually it's time—if the order is good longer.

Don't get mixed up! Trading currencies is confusing at first. Only experience can make things seem natural when you're setting up a trade. Thus, unlike buying, discussed above, if you're selling a currency, don't just begin at the market price. Set your trigger to a much higher price (in other words, expect gains) and then place your sell order there. That will give you a cushion against instant losses, as you launch your new sell order. Don't set a stop loss! That stop loss will kill you every time—in a dangerous and volatile market. Make sure you think the market is going down, and stick to it.

The small trader is at a loss. He pays mind-blowing front-end costs, and expensive carrying charges, every time he covers his bases. Currency markets are made to look like they might be fair, but they are far from it. Only the large Central Banks make money over the longer stretch. This is because they carefully craft the sweeping busts that rake in all of their national profits. In other words, world currencies are completely rigged. They are nothing but numbers, and numbers aren't real. Numbers are a weightless discussion. The fact that they have no substance is the entire value of their calling. They take the place of the rocks their victims might throw against their masters. And that's why their masters hand them out. Voting and trading are an identical hoax. Neither names a winner.

It's best not to trade volatile money bound up. It won't lessen the pain.