Traders Laboratory - View Single Post - The most stupid tradingday ever
View Single Post
  #8 (permalink)  
Old 03-20-2007, 07:49 PM
GCB's Avatar
GCB GCB is offline
GCB has no status.

Trader Specs
 
Join Date: Feb 2007
Location: Texas
Posts: 144
Thanks: 0
Thanked 0 Times in 0 Posts
Re: The most stupid tradingday ever

Hate to sound repetitive but it's probably what you need to hear.

It just looks like you are jumping into trades with no rhyme or reason other than impulse. Do you have a plan for entries, exits and risk? What signals do you look for with your entries and exits? What's your max risk per trade and how is it related to typical market action? Have you written any of this down? Do you believe in it?

I would say don't trade again until you can specify exactly why you are getting in and out of trades--and "it was going up" or "it was going down" isn't good enough.

Reply With Quote