Bad scene on the banking front
http://finance.yahoo.com/news/RBS-expects-fullyear-loss-up-apf-14097594.html
RBS shares are battered from 300 pence to 13 pence...
Keep an eye for shorts on individual banks or Bank Nifty index in India as a similar story should/might unfold here....as usual keep lot sizes low and stop losses in place....
Stories unfolding now like Lehman, Satyam, RBS, Citi, Unitech are a clarion call to people of the buy-and-hold long term investor mentality.....who consider trading "risky".....keep your leverage under control and stops in place....and let the 95% people with investor mentality transfer all their wealth to the 5% with trading mentality...
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Quantitative Trading - Equity, Global Indices, Commodities & Currencies
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