Wednesday, May 26, 2010

Sometimes Your Just Wrong @#$%^&*(

As a professional trader, it is hard to admit . . . but YES sometimes I can be wrong! The advantage that I have over the non professional is this: I follow my rules, my trading plan, my strategy. I have found out that when I am wrong by following all that I know about a position(stock), DO NOT FIGHT IT. Stop, take a deep breath, walk away and live to trade another day. I have found out that my rules, trading plan and strategy are very very good and wright the majority of the time and when I analyze a bad trade I often find out that I did not follow something in my strategy or planning. Attitude is a major part of the plan if you don't feel like trading wait don't get caught up in the noise of the markets. Remember there is always a trade somewhere and that you can't get them all. Ha Ha.

1 comment:

I hope you will learn from my years experience as a professional trader.