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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Saturday, March 7, 2020

Demons without, Demons within

There are trading demons everywhere, especially if you look for them. This week the twin demons of greed and fear became my constant companions but only because of the volatility. I wanted my piece and I was afraid I'd miss out if I didn't jump in. The only real saving grace is I have NEVER violated my daily stop loss. I refuse to act more stupidly than necessary although I came close this week. I might have lost more if I wasn't forced away from the charts Friday morning for a medical appointment at the precise moment the market opened.

The temptation is to blame volatility, the external demon. The truth is, there are no external demons, only internal.

Just an FYI, time change tomorrow, market opens an hour earlier for those of us moving to PST or GMT-8 for those of you outside the US.


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