Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Tuesday, October 8, 2019

Nickels and dimes

Picking up nickels and dimes are better than nothing. No time to sit around and wait for the trend short and I got a decent counter trend scalp out of it today.

A new equity high for me today. This is new territory for me. I have been in the digging out phase for so long it became natural for me but now, I sometimes think about how high can I go and I get nervous with that kind of thinking.

I see how my own hubris as well as other traders I follow sometimes experience violent draw down when they start winning and thinking they are invincible. I know I am not but after many new equity highs in a short period, that kind of stupidity sets in.

I like very much how Sandy trades for a few weeks and then takes a few weeks off. It prevents in part, a long period of thinking you are the superman of trading.

This year, I think I will trade until early December and then take a month off and come back early January. That is two months from now and seems like a reasonable target. If things go off track before then, I will stop trading for the year.