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Since things don't look very nice (I don't mean the current market sell-off)... are you preparing for a market crash?
- If yes? How?
- Are you planning to withdraw money from the broker?
Tom
Can you help answer these questions from other members on NexusFi?
To be honest, I have doubts about the impending doom. Most of the time crashes come out of nowhere, from the background of a complete optimism. That's crashes I witnessed that is. Dot com, for example: everyone was talking about the "new economy" and explaining why PEs of 300 are normal now. Nothing was in the air in 2008 either, and most comments on big guy news channels were not expecting a disaster. Now, however, every Dick and Jerry run their mouths about USA debt and the stock market bubble, which makes me somewhat skeptical something drastic is about to happen.
I am not saying it's not going to happen, but if it does it will come out of the blue.
Having said all that, I think it is reasonable to stick to a broker with high leverage and keep the actual account size to a practical minimum. At all times.
A little part of me is agreeing with you... What I'm trying is not to listen Dick and Jerry groups but just reliable people like Henrik Zeberg. If I leave technical analysis and red flashing indicators, there is just funny thing... like Donnad speech on Bitcoin conf. - what is needed, is to listen few sec (until 48:51) and think what actually he said/confirm.
I think you are spot on with what you wrote "keep the actual account size to a practical minimum". I'm new in trading, so the discovery that money by broker are so vulnerable (I mean I never though that during the crash broker can crash too), makes me scary.