Bad Setup vs. Bad Trade

W

white

How many times do you have a bad day because you don't execute your trade properly, or take what you know to be a bad setup vs executing a good trade properly that does not workout. Almost every down day is do to poor execution or poor setups. It rarely is from a good trade not working out. I hope this makes sense. Does anyone else agree with this rambling?



White
 
Quote from white:

How many times do you have a bad day because you don't execute your trade properly, or take what you know to be a bad setup vs executing a good trade properly that does not workout. Almost every down day is do to poor execution or poor setups. It rarely is from a good trade not working out. I hope this makes sense. Does anyone else agree with this rambling?



White
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YUP! If you have a mechanical system or a discretionary system with the rules written down...........STICK TO IT!!!

Don't be like me. Don't deviate from the system. I had a bad start because of it. If it were not for the deviation I would have a perfect journal.:D

http://www.elitetrader.com/vb/showthread.php?s=&threadid=21684&perpage=6&pagenumber=6
 
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