Your Worst Trading Enemy.. You Message Board

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Strategies & Market Trends : Your Worst Trading Enemy.. You

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To: Steve Felix who wrote (52)	1/17/2001 6:52:35 AM
From: shawnwolff	Read Replies (1) of 223

Re: Going back over your records I know someone who had a problem keeping stops, and was skeptical whether or not stops would have really helped them. There are so often times when hindsight says, jeez.. I wish I hadn't have stopped out, I wound up selling at the low.. So they went back over their records and figured where their portfolio would be now if they had kept appropriate stops for each trade. Amazing discoveries can be made from analyzing our journals. We have to remember that all we have to go on is the present. We have to analyze the situation as we see it at the time. We can not let hindsight influence future trades, because for every time one comes back, another one won't. - Shawn

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