The financial world has changed rather quickly of late. Equity indices from all over the world have collapsed and capital has fled to US treasuries. As an example the 3 Month TBill Yielded 0.05% at the close of trading yesterday. The day prior the yield on the 3 Month T-Bill was at 1.50%. Money was leaving all instruments and running to the 3 Month Tbill. According to the WSJ that 0.05% yield was the lowest since the 1950s.
I hope that the readers out there are finding ways to survive. The only advice I wish to give at the moment as far as trading or investing is that Risk Management has to be the highest priority right now. Cutting losses and keeping position sizes small enough that even if a large percentage loss were to occur that it does not damage your portfolio or trading account too much.
Live to fight another day is really the motto to go by right now. Heroes are not made in markets like this. Be a hero today with a large position size might work out, but eventually a large position size will back fire and may even be catastrophic. This point cannot be stressed enough as those who survive this massive down turn will be either very lucky or very good at risk management.
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