Wednesday, February 23, 2011


mostly the same:

every trade must have a stop that limits losses --  my worst trades are my 'highest conviction' ideas.  I need to prevent myself from talking myself into holding for extended losses.

We are now in a correction so technicals won't work.

Must avoid holding thru these times --  fear taking over.

I have the capacity to rebuild...  must be slowly.  Must not add to losing positions.  Must see the market structure.

Learn from losses. Only way to move forward.

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