If you can keep your head when all about are losing theirs, perhaps you have misunderstood the situation.
So far we have dealt with the philosophy that needs to be put in place if you are going to be successful. I am not saying this is the only philosophy that will work, but it is that which I find useful. I would remind you that “nothing is cast in stone,” “there is no absolute truth,” all we can work with are “useful lies” – hypotheses which stand or fall solely on whether they are found to work in the marketplace.
Now we turn our attention to actual trading situations. There are many such ...