Friday, October 07, 2005


I bought it at 0.64. Bad move because the daily MACD is negative now. So expecting a consolidation next week. The weekly candle is not a definite sell yet. I set the cut lost level at 0.58. What to do when you have entered wrongly?

Entry: 0.64


Anonymous said...

Swifz - I really appreciate the way you criticize yourself. It's honest, it's uplifting to those who read them.

I traded the market the last 30 years, I've not make it yet. Why? I won, I lost. Because I do not know how to tell myself off! I've lost the most and that is 30 trading years of life!

swifz said...

Wow, with 30 years of experience, you must have seen it all! For me, my years in stock trading has not even reach kindergarden age.

I think that the best we can do is stop repeating the same mistakes over and over again. That's why we must develop our own rules. Rules will prevent us from straying out. If not, we will just we another emotinal trader waiting for others to take away our money.

Anonymous said...

Yes, you are right. But do remember, no, it's more correct to say stay strictly to your own rules, ie discipline yet be a little flexible at times as is necessary occasioned by situations arising. Bye.