I bought into VDSI as it signaled and took a loss as well. Just the cost of doing business, along with enduring the mental tango. - Monkman
Hah, glad to hear I wasn't alone! I have found the most difficult bit is stopping myself from actively looking for trades rather than waiting for the right setup. Intellectually I knew this would be a problem, but I wasn't emotionally prepared for the difficulty of sitting on one's hands... Suss
You must learn this lesson, and learn it well. These methods provide ample opportunity for profit. When I first started Journal One, two weeks passed before I received a trade signal. I did not see the need to 'push' things, and neither should you. The market provide's the signals. The trader pushes the buttons. No need to chase after the market. Allow the trades to come to you. Doing so, not only teaches the value of following your trading plan, but also allows the trader to learn the value of patience. If you miss a trade, don't fret. Another train will be along shortly. - Spydertrader
I appreciate the reassurance. I can see that internalising this lesson is going to be difficult but, as you say, all things come to those who wait. Suss
Ditto above sentiment.. Sold AOB - 12.90, bought 12.19. + 5.8%. Still sitting on my hands otherwise. A sea of red....