In the markets as in life, remind yourself of your boundaries. Never think it can't happen to you. I keep this beautifully framed picture on an office wall, easy to see, obviously to remind me daily. Don't think it can't happen to you.
There is no reason to be stupid in the markets and kill yourself and your trading equity. Yes, I experienced some tremendous drawdowns which didn't put me out of business but the worst one came at the absolute worst possible time when my Mother passed away. It was about 25 years ago this week.
It was bad news on top of bad news on top of bad news.
Never believe it can't happen to you.
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