Mar

4

Living on the East Coast of Florida, I have learned about the phenomenon of rip currents and how to survive one should you encounter it.

A rip current is a strong flow of water returning seaward from the shore. They can occur at any beach with breaking waves, including the world's oceans, seas, and large lakes such as the Great Lakes in the United States and Canada.

Such currents can all be extremely dangerous, dragging swimmers away from the beach and leading to drowning when they attempt to fight the current and become exhausted.

When caught in a rip current, you should not fight it, but rather swim parallel to the shoreline in order to leave it and search for calmer waters where you can return to shore.

Similar events occur when speculators gets caught in a rip market. The natural inclination is to fight back and try to swim back to shore or, in this case, try to get even. They exhaust their capital by overtrading until eventually they drown in their losses.

The correct strategy when faced with a powerful force is to swim alongside the turbulence rather than engage it before re-entering, until you find the proper entry point and things have calmed down. This is taking the path of least resistance and it ultimately leads to a more harmonious and profitable conclusion.


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