Murphy's Law in Futures Trading — "Kro Talk Investment Strategies" Stanley Kro Murphy's Law: If something can go wrong, it will. This law describes the tendency and trend of things occurring based on a certain statement. A more vivid explanation: Suppose you drop a piece of dry bread on your new carpet; either side could land on the ground. However, if you drop a piece of bread with jam on one side onto the new carpet, it often lands jam-side down. Murphy's Law tells us: to anticipate which trades might suffer losses in advance, such trades include: 1. Those for which you have not set protective stop-loss orders; 2. Holding excessive positions due to carelessness, exceeding what you should hold. To avoid the negative effects of what is called Murphy's Law, we should adhere to: 1. Always establish protective stop-loss orders for the positions held; 2. Set a limit on the accumulated holdings for each account, and under no circumstances should this limit be exceeded. $XRP $ETH
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Murphy's Law in Futures Trading — "Kro Talk Investment Strategies" Stanley Kro Murphy's Law: If something can go wrong, it will. This law describes the tendency and trend of things occurring based on a certain statement. A more vivid explanation: Suppose you drop a piece of dry bread on your new carpet; either side could land on the ground. However, if you drop a piece of bread with jam on one side onto the new carpet, it often lands jam-side down. Murphy's Law tells us: to anticipate which trades might suffer losses in advance, such trades include: 1. Those for which you have not set protective stop-loss orders; 2. Holding excessive positions due to carelessness, exceeding what you should hold. To avoid the negative effects of what is called Murphy's Law, we should adhere to: 1. Always establish protective stop-loss orders for the positions held; 2. Set a limit on the accumulated holdings for each account, and under no circumstances should this limit be exceeded. $XRP $ETH