Hurricanes & Flooding

Hurricanes and Flooding (“H.F.”) are prominent in the news right now. Does your Trading Business Plan include a chapter on Preparing to Survive H.F? That's something necessary regardless of the instrument you trade (e.g. emini futures, stocks, bonds, options, etc.)

I searched the internet for articles that would help traders like yourself prepare for H.F. I did not find any specifically on point for traders. However, there were many articles of general interest. For example, the Red Cross has an excellent article describing what emergency supplies to assemble and how to assemble them into a water-tight barrel.

The Red Cross also has a good article that comes close to what financial traders need. It deals in general with steps you should take to protect your finances during a disaster.

But I did not find any articles specifically relevant to helping traders prepare for H.F.

Assuming you’re prepared in general to survive H.F., the next few articles in this blog contains some things to do specifically in relation to your trading when H.F. is imminent in your neighborhood.

If you’re an independent trader without any dependents, you can evacuate before the crowds. Just move temporarily to another part of the country where there is no imminent H.F.

Moving away immediately is not practical if you’re married with a spouse who has a “real job” and kids in school. They likely will resist moving. So here’s what you can do in addition to the general advice from the Red Cross if H.F. is imminent in your neighborhood.

Continued tomorrow...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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