Hi Mike, Thanks for the welcome
I bring 3 things that i did not have before
1. I will follow my very clear and confining rules.
Every trading day I make a ritual of
writing out my rules, and meditating on them.
In the past, I have usually ended up breaking
my rules, (removing a stop loss order, etc)
at the very worse of times. I believe
I have that in control now.
2. It was my addiction in the past, to play
contrary to strong moves, in the belief
that the price had to return, and usually I was
stopped out before it did. Now I play on the
1 minute line, with the trend.
3. I realize now, on a gut level, what the concept
of FEAR (of losing a profit) and HOPE
(that the stock price will come back your way)
means (as taken from Lefevre's REMINISCENCES
OF A STOCK OPERATOR.)
I see so much more clearly now, that a reverse
Darwinin selection of the fittest has always
blighted my trading. It is rather selection of
of the unfit. Keeping my losers, selling my
winners. With every trade, I will work on
removing this horrid, but very human emotion.
I consider this, the one thing that makes
trading so difficult to almost anyone.
I believe with these 3 pillars of strength.
my trading will improve. |
