Sold MEG and FGEN for a significant loss today and I've pent all my of my gains from last month in three weeks. However, I found out what's wrong with my trades this month and market is not acting up within my expectations so I moved out.
I'll be watching the market for the meantime.
Back to square one. Synchronizing my trading month with actual months. My mind set is not really for medium term so I am going to use a shorter time frame now. No more trades for this week.
Thursday, September 30, 2010
Food for thought
Looking back at my previous trades these past three weeks or so made me realize that I have been trading very badly as all of them are traded against my trading rules. I found out that I have been forcing money out of the market.
60% of what I gained on my first month, I already gave back to Ms. Market.
Goddammit, this is so frustrating.
Stocks go up in a bull market eventually. But timing and finding the best trades are far better than putting money recklessly.
I need to get out of the market to clear my system!
I wont be updating my trades for the mean time(more likely not on time) as I am keeping records on real paper now but I'll try to post charts from time to time to find good trades.
60% of what I gained on my first month, I already gave back to Ms. Market.
Goddammit, this is so frustrating.
Stocks go up in a bull market eventually. But timing and finding the best trades are far better than putting money recklessly.
I need to get out of the market to clear my system!
I wont be updating my trades for the mean time(more likely not on time) as I am keeping records on real paper now but I'll try to post charts from time to time to find good trades.