Monday, February 26, 2007
2/26/07 discipline
Today I am only grading myself on how I am trading my plan....
Took first 2 trades from 7:00 and was stopped out on both for -1.75 points.
Then didn't take the first good signal after the open and it would have set be back to BE! No guts not glory! So far I'm grading a B. One mistake today. I will have to set a limit on when to stop trading... 2 or 3 mistakes.... maybe only one should be rule.
OK followed plan on next trade and was stopped again and now I'm reversed. Still only one mistake. Still a B for the day for my grade.
My reversal finally scored a point before a stop at BE on the runner.
Trader X
Took first 2 trades from 7:00 and was stopped out on both for -1.75 points.
Then didn't take the first good signal after the open and it would have set be back to BE! No guts not glory! So far I'm grading a B. One mistake today. I will have to set a limit on when to stop trading... 2 or 3 mistakes.... maybe only one should be rule.
OK followed plan on next trade and was stopped again and now I'm reversed. Still only one mistake. Still a B for the day for my grade.
My reversal finally scored a point before a stop at BE on the runner.
Trader X
