I do not think you learned the lesson....at least not the right one
I sold out a large ZW (wheat futures) position yesterday at the lows.
if you did it not on the whim but following the signal from your method - u did nothing wrong. If you will continue to notice that you selling at the lows then something may be wrong with the method.
Now it came roaring back to laugh in my face.
well if there is no signal from your method to buy - nothing is wrong, if there is a signal - open new position (it does not matter that you sold it yesterday)
why?
very rarely traders buy at the bottom and sell on the top...
also each method has it limits, may be yours reached it in that particular case
no reason to hit the wall with your head, stay cool honey-bunny
Don't buy too large of a position.
its all relative
size of the position should be determined by your method
Secondly cut losses short.Don't wait til ultimate pain point to sell because that's usually the bottom.
entering, exiting and managing the position - by the method only
see how many times i used word method?
and how many times did u use it?
zero...
because u have none or if u have it then u r not using it
the method for the trader as the pole for the tightrope walker: he never releases it, never...
you do not have a pole , therefor trying unsuccessfully to catch a wire on the way down...
so the big lesson for you should be - to use a pole (method) and never let it go !
