JRI: I have been reading your post on SA and on MDD. I may be off base, but it seems you are being too emotional. You need to have a plan whenever you trade. Listen to others if you choose, but be responsible for your trades.
Determine before you trade: entry points and exit points or methods to determine each. Always have a stop loss point and use it, commissions are just too cheap not to. You can always buy back into your position. Next, have a profit target or sell/cover signal.
Establish a plan before you trade and follow it. That will take a lot of the anxiety out of trading...it puts you in control!!! Sure you may make a mistake, but you already know the downside because you set a stop loss.
If you find you are more often than not making loosing trades, it is time to step back and paper trade for a while, while trying different approaches and methods until you find a system that works for you!
Regards,
LG
PS: Sorry it took me a while to respond, but SI is giving error messages again! I am still looking to go long again, at least until the recent lows are broken. If so, I will have to rethink my expectations. No one knows for sure what will happen in the market, some of us use systems that work fairly well, but nothing is 100%, NOTHING! Good trading... |
