Today provided a great example of how one day, your system will work and the next day, the system does not. Nevertheless, the insight is that it is crucial to follow your system, rather than take random trades and achieve random results. Compare the 15 minute charts of yesterday and today.

While I trade […]

I wanted to highlight a personal post redarding a recent stop-loss experience from the 59 Cedar Street blog, which personifies experiences I have had, and I know we all have had.
BP references the fear once in a trade and the almost compelling notion to move your stop to break-even once profit is achieved. I […]

Readers,
I just started reading Mark Douglas’ The Disciplined Trader and am gripped by the intro and first chapter and wanted to pass on the reference to those who are gripped by fear in trading.
I take notes on everything I read, and in this book, I have written down so much already, and I am just […]