This Rita stuff looks pretty bad. From the looks of it...the path of the hurricane will come blowing right through my locale. I have several family and friends vacating the area just an hour south of me. We're told that everything should be okay here especially considering we're the first place you're able to stop when evacuating Houston/Galveston.
So, my wife picked up some essentials at the store today in case we stay. Speaking of stores and essentials...it is clear people are panicking. There are stories of people fighting over the last can of tuna and bottled water. As of now, all batteries, candles, water, and many other supplies are gone from the stores. My wife commented that she has never had so many people look in her shopping cart before. Seeing what she was buying...do they need that...this...etc. A bit of the sky is falling feeling seems to be happening. But, like I said, this Rita looks pretty bad. Last hurricane that blew through this way was Alicia and it was "only" a category 3.
We've decided to wait til' late Thursday night/early Friday morning to decide whether we stay or go. I figure by that time, the path will be a sure thing and hopefully the streets will be a little less congested up north of here. Of course, we'll follow the path less travelled. So, stay tuned. If we stay, I'll keep you posted on what kind of winds/rains we see up here. If not, I'll report what kind of damage happened when we return. Keep everyone down here on the Gulf Coast in your thoughts and prayers. Also, here's a couple of blogs (1, 2) from the Houston Chronicle that fills in some of the Rita details.
Before I get out of dodge, I wanted to leave you with a great little pdf on position sizing from Breakout Futures. I'm currently trying out the Adaptrade product, Market System Analyzer. They provide a free lite-version download to the product where you can load up to 15 trades to experiment with. The full version allows unlimited number of trades to analyze. I'll let you know my thoughts on this product once I test it a little more. Also, here's some great articles from Dr. Bryant covering Position Sizing to Monte Carlo Analysis to Trade Dependency to Equity Curve Trading. Read here. You can sign up for Dr. Bryant's free newsletters here as well as peruse the archives. Enjoy!
Later Trades,
MT
2 comments:
Living in Florida for the past 3+ years and having dealt with these powerful hurricanes my advice would be to get out of there sooner than later. We experienced much of the same regarding limited supplies at stores, gas lines, etc. Just pack the family vehicle and head for higher ground. Call it a family weekend getaway. Better to be safe than otherwise. Best wishes.
Thanks for the sound advice and well wishes.
I still haven't decided but I'll keep everyone posted.
MT
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