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Strategies & Market Trends : trading the QQQ

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To: hypostomus who wrote (379)2/20/2002 9:26:35 AM
From: bernard rogers  Read Replies (1) of 714
 
Broke my rules, no trading today

I will repeat myself much on this thread
will say much more than anyone would want
to know about my trading
I really have no other place to talk about it
and it helps me much to get it in black and white
and to take a position in a public forum
I feel it will help me in the follow through
Yesterday had 2 major failures.

Going against the trend, which i love to do.
In the future i can only trade in the direction
of the least resistance, If the QQQ is going down
I have to short. Up I have to go long

The second one is breaking the rules.
If i will follow my rules completely, i have
an excellent chance of making money being
a day trader.
These rogue trades come on in a moment, suddenly
I am breaking all my rules, i know that trading
is addictive. I know the feeling of giving in
to a unwanted addiction. I spent years quiting
smoking, and i remember the same feeling of saying
SCREW IT. and smoking a cigarette.
to combat this problem. I have a new rule
that requires that i take a 3 minute period out
to read the rules over before making any trades
Also i must have zero tolerance for the smallest
deviation from the rules
My first concern, goal in trading is to trade
exactly under the umbrella of my rules.
I breaks my heart, it demoralizes me, and it
will end up ruining my trading if i do not
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