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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera

To: benwood who wrote (17558)	1/7/2016 1:47:42 PM
From: richardred	1 Recommendation Read Replies (1) of 33421

I think it's good, but you have to follow through with a set plan ahead of time. The breaker a set time for traders to cool off and think' and re-think. Also a time for the exchanges to make sure things are working properly for heavy volume. I don't think the Chinese elite were prepared, as they IMO are inexperienced capitalists. I was trading in 87 . The days and weeks after heavily. Their were circuit breakers in place. However there were still things that did not work the way they were suppose to. One I can think of. Stop loss orders and sell orders that weren't executed properly. Also some market makers who generally help restore order, balked at buying as they were bombarded by orders. I've never put in a stop loss order ever, to this day. If I want to sell. I use a market order. P.S. Talk over Bear Markets and a trigger of a circuit breaker tend to bring up this subject. Banking-Remember Greece- their was a limit people could withdraw out of a ATM. Message 28921255

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