Mental Case

I posted this on another post..... I trade off a very very simple chart...I used to plot out all kinds of stuff, all it did was confuse me and keep me out of trades, by the time I decided what it all meant the trade was gone...

I won't say who it is (hint: he is one of the richest most successful billionaire investor ever) who
last I heard does all his analysis by hand and does not have a computer in his office. Think about that!
 
Last entry. Interesting month of July. Had to return early from APAC teaching tour with foot injury, got sick coming out of New Delhi and a week later had to have my appendix out, a week before my daughter's wedding. Bright side, I was able to walk her down the isle. I had lots of time to think about my overall trading strategy and have decided to go a different direction that uses the exchanges network speed to my advantage. I tested this new strategy out with remarkable results and it fits with my personality.

Good Trading!
/truber
 
truber said:
Just talking to myself... Self: You stupid fool. Couldnt hold RAD from 3.11 to 4.11 had to sell out of it early. Same problem, over and over and over. Any small dip and you panic. Other Self: I didnt want to give up the gain. You'v seen it go right back down before. Self: We;ve talk about this. Just move the stop ignoramus! Other Self: I know. you are right. Self: Plus then you dont know a good spot to get back in. You leave so much on the table. Learn to trade or just stop. Other Self: I need to learn the difference between a dip and a reversal, (in real time). Self: Learn it fast or just stop.
More...

I know this is crazy hindsight but shorting RAD at 4.xx then was the single best trade I saw all year.
 
Agreed. Funny reading my journal entries from a few months ago. It's like, who it that guy, a crazy person. No wonder I was losing money. Trading like 2 year old. Glad i don't trade that way anymore, that's for sure. Happy Holidays
 
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