I just realized that I neglected to mention in my previous posts that I'm now in the penalty box through April 16th.
Because I failed on three consecutive trades, all buys of SDS, I must now abstain from any trading for a period of three weeks. This rule protects me whether the problem is me or the market, though in this case it was clearly me.
So, as I said previously, this will give me ample time to work more on my trading plan and be ready when the market turns.
-Geoff
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El Capital / Capital Basica de bolsillo / Pocket Baisc Spanish Edition Karl
Marx 9788446012221 Books leer SXB
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El Capital / Capital Basica de bolsillo / Pocket Baisc Spanish Edition Karl
Marx 9788446012221 Books libro electronico
El%20Capital%20%2F%20Capital%20Bas...
5 years ago
2 comments:
Good job on being disciplined and having your penalty box. I too need to do that for myself when I or the market is off. Why wait around to figure out which one is off. The fact that you were wrong three times in a row says to get out.
Thanks for sharing your experience.
Thanks los - the truth is I really lack discipline which is why I need to write these rules down and look at them before any trading activity.
I won't be successful in the market until I get my ego uninvolved!
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