Five Things to Learn from the Cable Flash Crash

What can we learn from the cable flash crash?

  1. That if you really want to move prices -- early Asia is as good a time as any.
  2. That bad news rarely ends when you think it will and buying dips in a downtrend is generally a suckers game.
  3. That human traders will always underestimate how modern day computerized markets will amplify the magnitude and the speed of the move.
  4. 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
always
always
always
attach a stop to every trade.

Boris Schlossberg

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