Never, never, ever, ever, panic, panic!

Playing the Market over many years have taught me much about life.  Staying cool and keeping my wits when faced with traumatic events is an ability that I learned as Commodity Pool Operator.  Now that's a game where most professionals "burn out" in about six years on average because of the high stress.  CPO's must be tuned in to the slightest movements in their Markets.

Watching unexpected events happen, like a sudden Market drop, caused certain natural chemicals like adrenaline to start pumping into the body and brain.  I would tell myself, "don't panic," and usually things would work fine.

Without self-control, it is easy to get hysterical, and under the pressure of an adrenaline rush, it is also easy to make a fatal error.

The other day I was hiking in "Grape Vine Canyo" just off "Christmas Tree Pass" between Las Vegas and Laughlin.  Just before I stepped down of a bolder, I caught a glimpse of a diamond back rattlesnake, he was big and coming up as I was going down.

We saw each other at the same instant.  I jumped back and he started "rattling."

For one moment, my life was in danger.  "Don't panic, stay cool, don't panic" ran through my head.  I slowly and carefully climbed around the other side of the trail, back to safety.

Whether or not the Market gives you a warning "rattle," you must always be prepared to "keep your cool and do not panic." 

Reacting fast is OK, and a defensive strategy (on standby) is OK, but getting nuts with emotion is not acceptable.

The Market can bite worse than a huge twenty diamond back rattlesnake with five inch fangs and a defeating rattle, I'm telling you he was THAT BIG.

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