- 2011 (T4LY6) : Did not set an annual stop, kept going and going. Ended the year with a far bigger loss than I could afford.
- 2012 (T4LY7) : Now within 4% of my pre-set annual stop for 2012. As good as being stopped out for the year now. Will admit defeat and stop trading for the rest of 2012.
- Down 2 years in a row. My worst T4L nightmare is now a reality. Very worrying indeed.
5 comments:
you have everything to gain and only that 4% to lose. give making a comeback a shot, or at the very least throw a hail mary pass & put it down on one last strong view (cash/options). discipline works both ways, stop only when you hit your SL. best of luck!
hang in there mate.... It's a tough Market ... But dont give up
Hey Taichiseal,
Maybe u can take a break till the big news comes by in august after jackson hole meeting by fed. having no positions means u are ready to ride the ups or downs.
Agree with the first commentor, never give up till you hit your stop limit!
cheers!
Rgds
The pptv-app question guy.
Hi TS, You've put in the hard yards already, done more than most traders. Markets change. Maybe you should re-evaluate your methods, what works what doesn't until you hit upon a method that works. Do that with small positions, and when you get confident of what works, scale higher. Think of the rewards of successful trading, that should motivate you!
Pandu
Good advice all. Thanks.
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