Thar she blows! (yeah, I know I'm juvenile). I have to pay some (more) bills now , so good trading the rest of the session. JJ
ABSOLUTELY! If you are willing to hold a loser, you must be willing to hold a winner. There cannot be "better" without knowledge of the opposing concept "worse". So the question for the trader becomes... why is holding a loser "better" then holding a winner? Sorry saxon, the real issue is that you traded based on what you wanted to believe instead of what actually was. And despite YOUR rules, lack of discipline prevented you from admitting defeat. The biggest problem with this, for you, is that you were vindicated. Not wishing you or anyone any harm in trading, just being brutally honest. Good trading to all Osorico PS. Hello Porgie!
I would consider the following concept: Ask yourself if you just unwittingly imprinted a horrible psychological trading flaw: "I don't have to pull the trigger and take my loss....if I just hold on long enough....the market will let me out at breakeven or better"
Hey you been quiet to lately, please enlighten us Speaking of strangers what's happened to Apex ? Very out of character for him not to post note: small three indian top, with other confirming factors
I'm actually quite concerned about Apex. Not only has he not posted to ET since 8/16 (that's almost two weeks), but he hasn't even accessed the site in lurking mode (I checked with the help desk on this), nor has he answered my PMs or emails expressing concern. I'm worried, but I hope my worry is without foundation. I've been trading quietly this morning, because I'm not enjoying the way everyone seems to be beating up on Saxon. I believe we could make this journal a far more pleasant place by having the self-control to avoid criticizing others. There is room in trading for infinitely different trading styles, and if someone has a dumb trading plan, Darwinian natural selection will inevitably show him the errors of his ways without any help from us. [Flame off.]