Wednesday, November 11, 2009

Lesson #7: Take A Break

Hi guys, well on my second day of trading back from the swine flue, I did everything wrong.
I traded illiquid stocks.
I traded volatile stocks which normally I should not trade.
I traded on emotions rather than on logic, intuition and rationale.

Lesson #7: Take a break

When you are really struglling during the day, take a hour break to clear up your mind and write down a game plan you will follow. Write it down, so mentally you will be focused to follow it! Yesterday, after being down -150$ and finnally being flat I should of took a break to reflect what I had done, but instead I went ahead and lost it all back.. Gr.. Take time to reflect..
This was my second worst day ever.. It's better to be flat, then losing $. Also when you find yourself desperate to make back some money, just quit while your flat.

Growth: -(21$)
Net: -(315$)
Love, Adios & Happy Trading