Two years ago I took a break from trading and dedicated myself to a non-profit organization which I founded. Well, the charity has grown, and with it it's financial needs, so I decided to take up the gauntlet. And wow, did I forget what it's all about. The emotions, the fear, the greed... I started out with a good trade, got taken out early from a very profitable trade by one tick, HAD to make that money back, of course lost more, etc etc. I suddenly found myself taking trade after trade with no regards to any rules. At a certain moment I stopped myself. I was in the middle of yet another trade gone sour and was about to bail, when I told myself that if I don't discipline myself now, it will never happen. I kept myself in the losing trade according to my rules. The trade got worse...and then turned around. I took another few trades, all according to my rules, and managed to end hte day profitably. The lesson, once again, was that the most important part of trading is DISCIPLINE!
Have a good evening, everyone...
Have a good evening, everyone...
