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Old 07-26-2007, 10:02 PM
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Re: High Volatility and Long Liquidations

I was tempted to trade YM today. I was looking at it on a 5 minute chart with two EMAs thinking "there's a short, there's another one, there goes another one". I probably could have made as much profit in one day as I made in a month by holding a long position (which I liquidated earlier this week). A couple of years ago I would have been distraught at having missed "the Big Move" but now I'm pleased with myself for being disciplined enough not to care. The key thing is to find yourself a market and a strategy and stick to it, not to flounder from one market and strategy to the next as the market conditions change.

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