Yesterday in between lashings, Carlotta had the good grace to review my recent trades. She suggested I concentrate more on selectivity and because that ball and strap thingy was in my mouth, I could only nod subserviently. This morning, still a little sore, I put her advice into practice and stopped after 3 trades. +2.25 pts / 3 RT / 1 ct
Mr. Subliminal, I'm pretty sure this wasn't what Mark Douglas had in mind when he wrote "The Disciplined Trader." But hey, whatever works.
GJ Mr. Sub... Can I just make one suggestion... If you are gonna stop and be content with a few trades and a few pts, MAKE SURE you stop when you made a few and lost a few! If not one losing day will easily wipe out 3-4 winning ones... anyway glad to see you back in the game and doing well my friend! PEACE and good trading, Publias
Thanks Publias, tampa and Rigel. I fully agree with you, Publias. The aim is to slowly lengthen my trading day, both with regards to time and number of trades without compromising on selectivity. This depends on my perception of the quality of my previous trades, prevailing market conditions and my current mood. I thought it would happen today but it didn't. It will happen when it happens. So even though 4 of these days can be neutralized with 1 10-point down day, I view them as CBM's (confidence building measures).
You keep this up, and I am sure that The Market technicians will not only welcome you back next year, but with open arms - I might even attend myself!
Yeah, I can almost picture a shocked Acampora rushing for the microphone switch as I'm revealing the subtleties of my SOMP⢠indicator.