I do not care what kind of trader you are. I do not care what style or how many years you have been trading, you will eventually not see the plays right. It's a fact and it's a reality. What separates The "Pro" trader from the rest, is he/her ability to recognize when this is happening and take the NECESSARY actions to preserve his capital to hide in the shadows until his/her moment comes back again. IT WILL ALWAYS COME BACK! The only question is will your ego allow you to admit it?
4 comments:
Great post, Stewie.
Show me someone who wins all the time and I'll show you a liar.
Thanks for sharing.
"Show me someone who wins all the time and I'll show you a liar."
i love that!
Stewie, when stocks gap up like JAZZ did, do you ever look at entering the trade again when it gets close to filling the gap? (its close now)
Thanks, MrG
mr g. i'd wait for this to set up better. you wanna see a decent reversal stick before contemplating an entry. go back and look at my original setup and see why i bot it.
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