What I learned from James Altucher

This week’s news is all about the death of Bin Laden.  I have to say the US Navy Seals are the best military unit in the world.  While browsing the internet for news, I came upon this post from James Altucher.  James is my favorite financial writer.  A lot of what we do here is based on the principles illustrated in his book Trade Like A Hedge Fund.  Anyway, he was describing his trades during 9/11 .  I really feel his trades.  As traders, we will always have those moments.  To survive, we have to manage risk.  Sometimes , in the heat of the moment, we throw all risk management out the window and overleverage.  That is how we blow out our account.  Happened to me before. I hope I learned.