Some times trading can be very emotional. Last week I spoke to many traders who said last week was their worst week in months. One guy who I know made 40k last month and lost 11k last week trying to figure out this crazy market.
I am glad I went away and cleared my mind because today proved to me that rest, patience and strict discipline is the only way to win in this career. I told myself I wouldn't trade and ended up trading futures today. I was down $2500 on my first 3 trades but ended +$4900 for the day by not panicking and sticking to discipline and observing strict stop discipline.
A $7500 turn around is not something to sneeze at in futures! not like I am trading huge volume. What I am trying to say here is - you will never have 100% winners, some days the market will just kill you to make you quit or make you find a new strategy or stick to your strategy. I hope most of my trading friends did well today and not let last week roller coaster market get them out.
Olympics are on folks and sorry I am a HUGE Olympics and world cup soccer fan so sorry if the entries on the blog are few...
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The information posted on this blog should NEVER be taken as advise to buy or sell securities, options, currencies or futures. This blog is for my entertainment only, as I map out my feelings about the stock, options, futures and currency markets.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
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- MarketJEDI
- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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