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Grade 1
Join Date: Jun 2005
Posts: 2,654
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Risk Management quote
I'm in a Forex contest and made a free comment, a quote, about risk management.
My friend, Nick, wrote this is one of his books. Although it's about throughbred handicapping I thought it was also germane to Forex. So, I posted it there. I figured I may as well post it here too. It's one of my favorites and I crack up every time I read it. "If you live out in the country you probably don't think that much about risk taking. However If you're a city dweller you know that life is a gamble from everyday experience. Indeed, I don't think you've lived until you've boarded an inner city bus or train around midnight and shared space with some twitchy wacko who has 'I'M A BASTARD' tattooed on his forehead, a thousand yard stare and great one liners for breaking the ice such as "ARE YOU LOOKING AT ME?" In such situations your skills at assessing risk tend to become refined to a pretty high level rather rapidly." -Nick Mordin PS-If you're curious, here is the contest: http://www.dukascopy.com/traderconte...er=DumbAsArock |
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