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torsdag 20 augusti 2009

Bad day, Bad day.....

Lesson learned today: Stick with your plan!!!

Don't mess around trying to outsmart the market or jumpstart some indicator. The indicators work allright, they just don't give you the whole picture. You still need to THINK before putting in an order. Trying to take shortcuts or being "right" will cost you. And it did....

How many times have i read about the emotional side of trading? How many times did i say to myself -"sure-i get it, stay focused and non-emotional and things will be fine..."?

Well, i guess most people fall of their bicycle a few times while learning to ride the bike, but today was a big fall.

Lesson learned. Find a system that works and then STICK TO IT!!
Don't try to invent the wheel again.

KISS!! (Keep It Simple Stupid)!!

Brgds/Pilotlife

P.S.
The indicators did just fine.... This is my own fault, and noone elses....
D.S

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