March 09, 2006

Today's Trades

Today I got slaughtered. The markets gutted me. If I had done everything opposite, it would have been my best day so far. I overtraded and every trade was a loser. It doubled my previous worst day. Days like today sting - they hurt. But they are really good for you, as long as you can take it.
For example, I didn't use my system at all today. Ever since I have been doing well with Cybertrader, I have kind of thought to myself, "who needs a system - I've got Cybertrader!" For some reason, I didn't realize until today the error of my ways. I guess I needed to be humbled.
Starting tomorrow I will be trading with the 30-min charts again and limiting the number of my trades. Back to the system.
By limiting the number of trades and limiting the loss per trade, it will be impossible for me to lose this much again.

Comments

Hi... Was thinking that all the trading might be detramental and just holding an uptrend might be better...? Anyway I am going to try it on my http://simulator.investopedia.com/Trade/TradeStock.aspx game.... Ate sourkraut twice today, a whole can with mashed potatoes and garlic.... Was like a pill.... I felt great both times that I consummed the sourkraut.... Might have been that I was just full and content...? O(^___^)O
Have a good weekend

Posted by: John at March 9, 2006 06:04 PM

Hi John,
sauerkraut is made from cabbage and cabbage is one of the most healthy vegetables. It's good with beer and sausage - and mashed potatoes.

Posted by: Ugly at March 9, 2006 09:14 PM


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