Today's Trades
I was chopped up today. I overtraded. It was a poor showing for Ugly. It is suprisingly difficult to stick to your own rules. The market tanked at the end of the day. It would have been a good day to short AAPL. I thought of you, tradermike. Overtrading is definitely my biggest problem right now.
I have to learn to be very picky with my trades so that I only make a few. It seems like I am doing better with trades I make after 12 noon. These have been saving my arse. Like today I would have been killed if I hadn't bought AMR:
Even with this trade, I was down 1R today because of my overtrading. I was stopped out of a bunch of longs for about 1R each.
Don't overtrade!!!!
Comments
thanks
Overtrading is a tough rut to get out of. It's like quicksand, or getting your car stuck in the snow. It is often more effective not to try to solve the overtrading problem alone. In your case, it probably helps when to justify your trades on the blog.
By the way, sweet move in AMR.