Five Things to Learn from the Cable Flash Crash
What can we learn from the cable flash crash?
- That if you really want to move prices -- early Asia is as good a time as any.
- That bad news rarely ends when you think it will and buying dips in a downtrend is generally a suckers game.
- That human traders will always underestimate how modern day computerized markets will amplify the magnitude and the speed of the move.
- That markets always work worst when you need them the most.
But most importantly the main thing that we can learn from from the cable crash is to
attach a stop to every trade.