The pigs are squealing: late-stage bull market finds many (most) "traders" missing the recent bottom and the subsequent strengthening rally.
What else can they do when all $$$ are gone?
We've all been there and learned these lessons of (trading) life.
I maintain strict stop losses even when these recent volatile markets kept rebounding which did cost me gains.
But after what I learned in Oct 1998 (markets can quickly drop 25% and take MUCH longer to gain back) the 2001-2002 Bear Market was a breeze to retain past account gains.
And I will ALWAYS stick to these methods because you never know when a small correction can turn really ugly and decimate you as a trader (psychology), not to mention your account.
But yeah, a LOT of grown men acting like children. Hmmm...even the top traders are learning new lessons - I am sure I am right about this.
But with money tight and people on the Internet on Saturdays, what better time to look at your past trades and make changes that improve.
pSense
