Screw You Kong! – What Do You Know?

The commodity currencies are showing considerable weakness here this afternoon. This –  in conjunction with a “late day sell off” in U.S Equities.

Ya well……”Screw you Kong!” “What the hell do you know?”.

Yes yes…..I’m sure there’s more than just a few of you out there muttering “something similar” under your breath. You’ve scoffed at the idea that things can go down, you’ve disregarded any concerns for managing risk, and I can only assume….you’re also “glued to your T.V” looking for some semblance of WTF is going on.


You have no place in this mess. Let alone “passing judgement” on those of us with “some idea” of its inner workings. In all… deserve to have every single investment you currently hold go directly to zero. And that’s “directly to zero” – OVERNIGHT.

Are you prepared? Have you put the appropriate stops in place? Can you imagine waking up tomorrow to find that “overnight chaos in Asia has led to a -450 open on Dow?” Of course not.

You’ve got this all figured out with your “off the shelf indicators” and your “CNBC news feed” right?

It’s no wonder they refer to the masses as “sheep”. I have “zero” sympathy for anyone out there that’s not taken the necessary precautions.

It’s not about “how much you make” these days…………it’s about how much “you’re lucky enough” to keep.


7 Responses

  1. JSkogs November 18, 2013 / 2:48 pm

    Ya Kong its on like Donkey Kong. I entered NZDUSD short on Thurs, lots of Yen longs on Friday and added a new es short on Friday to average my es position. I’m fairly close to what I am comfortable risking at this point. Hopefully I’ll actually get a chance to let it ride for a bit for once. Good luck!

  2. Graham Herbert (@mistergmh) November 18, 2013 / 4:07 pm

    Unfortunately no one has a Crystal ball … what I have found over the years is that when all the stars align the move goes the other way before moving in the direction that logic says it will … Is it the mega bank traders taking the reverse track to pick up us small traders stops … don’t know but possible … dont be greedy start with 1% or even 0.5% of your bank with a bigger stop loss just in case so you are on the train at least and when it runs add to your already winning position … Be smart and protect your bank as the old saying goes … its not important if your right or wrong its how much you make when you win and how much your lose is when your wrong …

  3. schmederling November 18, 2013 / 9:48 pm

    ahhhh the wake-up call bell rings & many wonder what the heck just happened? so true Dr. Kong….. some learn the easy-way while other learn the hard-way costing a small fortune? While others never learn at all – I prefer to learn on the cheap & quickly from my mistakes. In this day & age you better learn quickly & adjust or your going to be squished like a bug!!! Plan & simple!!

    I think anyone worry about there positions & losing sleep are over-leveraged with too much RISK on the table – A lesson some need to learn before even getting to charts & all that stuff is RISK MANAGEMENT – you can have the all the news feeds, up-to-date trading system with all the bells & trimmings but if you don’t have your risk-management under control then its like leading the sheep to slaughter no?

    Good post –

    Cheers Schmed,

    • Forex Kong November 18, 2013 / 10:02 pm

      Ya guys…..people get swept up in it for sure, and forget / lose the discipline.

      Its about “preservation / capital conservation” – but that doesn’t seem to be nearly as fun as straight up 100% gambling.

      Paper profits sure look good – while they’re there.

      Putting the money in the bank is an entirely different story – as most……..don’t.

    • Forex Kong November 20, 2013 / 9:30 am

      Good to hear Schmed!

      I too am “close” to entering part mode….as I’ve been inching into “many” little positions here over the past 24 hours.

      Should shape up nice in my view.

      Good luck man!

  4. Andre November 23, 2013 / 8:15 pm

    Stops are stupid. Simply do not use more leverage than you can handle and be rational in how you allocate funds. Stops are NOT a risk management strategy. Risk management is 100% allocation.

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