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Strategies & Market Trends : Trading For A Living

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To: R Stevens who wrote (781)	7/7/1998 11:25:00 PM
From: Shaquapa	Read Replies (2) of 1729

I'm fairly new to the the day trading scene and have also paid a high tuition. I had a very difficult time admitting when I was wrong (big ego got in the way!) I was EXTREMELY demoralized myself - I hate to lose!!!! I started to second guess myself, doulbe up on bad trades, etc. All the stupid things that the books say not to do. Anyway, took a few days off, analyzed what I did wrong - I too, didn't follow my own rules. When I came back I just resolved to follow my own rules. Sometimes I will miss, but most of the time I profit. Another thing that helped me is to have another friend/trader to talk with. I'm fortunate to have a large office and had a couple friends come over from time to time. As I was explaining what I was doing, it forced me to follow my rules. End result is that every day that I followed my rules I have profited. All but one day when I varied my actions I get force fed my lunch! Take a day or two off. Reexamine your rules. Then come back and kick some behind. Good trading.

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