Tuesday, November 18, 2008

patience

i think in this market, you've gotta always find reasons to convince yourself not to trade. The more reasons, the better. Even pros are having a hard time. It is prudent for a lesser experienced trader to be trading with more discretion and only wait for the lowest risk entries. I'm not here to trade for 1 year. I'm going to trade for a lifetime. Now is the time to preserve capital, not for catching every move the market makes.

I had lost much money being hasty, being too complacent. I lost money trying bottom catching. I've given money away for wanting a piece of action. I've lost money so I can finally come to my senses and refocus my mind.