Feb

11

 Everyone has to sleep at some time or another, even when you're watching the market for that move to your price. You can't leave a limit because an announcement created quantum jumps so you have to watch it. But guaranteed whenever you doze off the price will move right to your desired level, and you'll miss the price.

Closely related is the law of friends and parties. When you're invited to go to a party and accept you would have made a fortune by staying and trading. When you decline to go because you need to trade, it will be the best party ever, and you would have seen the most attractive others ever and they all were talking about how they wanted to meet you, and you'll lose a fortune in the market by trading.

We all know the law of friends, and it's just too bad that whenever you invite a friend to see you trade, you lose a fortune, and he goes back thinking you're a robot wasting your time on mumbo et al.

Orson Terril adds: 

When in school I had an account with one of those forex online bucket shops, ran up ten fold in a short time….it was exam time and I fell asleep from exhaustion, only to be awoken by alarms from my cascading margin calls. Good experience.


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