When in doubt, get the F*ck out !
Post date: Apr 29, 2011 9:19:29 PM
I got this while discussing about markets... and it definitely works for markets. The idea is to always know and look for 'how you can get out quickly from a position', If you have doubt that you may get struck ! Just get out immediately. Never sit on a pile of explosives.
...and Don't get yourself in a position where best you can do is to do nothing. If you become a guy with a bomb locked around your neck best you can be is 'The guy with a bomb still locked around his neck' and I don't need to tell you the worst. :)