PipStop

In trading preparation is most often correlated with a specific trading plan, and executing that trading plan with a balance of discipline and good money management.

One event for me yesterday, though, gave me pause for thought.

It was at about 6 p.m. - so it was dark outside, and my daughter and I were having dinner when all of a sudden the power went out. My first thought was, geez it's awfully creepy when it's pitch black.

I quickly scampered downstairs and lo and behold my laptop is giving off light! So I take it into the garage so I can pull some flashlights out of our 72 hour kits. I then proceeded to light a few candles and we had light.

It made me think if I was in trades at the time would I have known what I was in? (hence the importance of a trading journal). Do I have contact information to my broker handy? Do I have a phone that works without power? All the "Do I's" came to mind.

Then I got to thinking that I really need to buy battery back-ups for our computers at home. I've been meaning to do it, and I know from personal experience that it just takes one seemingly innocent power outage to destroy a computer.

I don't know about any of you, and I know that computer's are cheaper than ever now, but it's important to save yourself a lot of aggravation with a little thought and preparation now.