Where do I start, where do I begin..... - Traders Laboratory
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Where do I start, where do I begin.....

Posted 08-13-2008 at 08:02 AM by wasp
Updated 08-13-2008 at 08:23 AM by wasp
Well, I totally and completely fucked up what should have been a beautiful week.

I am going to add to this but in the meantime, I have to calm down as at the moment, I only have one thing to say....

**** **** **** **** ***** you get the picture!


48hrs ago I was moaning GJ was dying a summers death.

48hrs ago I posted it would drop as shown in the dailies.

1hr ago I had bought into the drop 5 times and given back all of the last 2 weeks profits.

Trade the plan - not what you think. bollocks.

I am 100% discretionary from now on.
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firewalker's Avatar
I'm not sure discretionary means not following your rules.

I quote Steenbarger:

"It is a curious, but surprisingly common error to assume that discretionary trading means trading without rules. Discretion means that we employ real-time judgment in entering, exiting, and managing positions. Rules can guide that discretion, just as rules and plans may guide a quarterback who calls plays in a huddle and changes those calls at the line of scrimmage."

Anyhow, good luck. I know who it feels to give back profits :rolleyes:
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Posted 08-14-2008 at 08:23 AM by firewalker firewalker is offline
 
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