It is time to review result of this week’s trading. It was indeed a bad week for me. Negative begining, facing discipline problem, missing trades and close a losing trade on options expiration day. However, I closed the week in black again .
This week, in fact, I had more losing trades than winning trades. I was lucky, profit was big enough to cover the losses. The importance of let the winners run is shown. If kept taking small profit instead of giving some space for the winners run, I would most probably end the week with loss.
[photopress:Augustweek3.JPG,full,centered]
So far so good for August. Next week is the last week of the month Another 9 more trading days to go (that’s 1 1/2 week to go). My objective for the coming week will be ‘Stick to the darn rules, stupid!’
[photopress:Augustweek1to3.JPG,full,centered]
good job. Are you taking the “real” last week of August off? There are still 9 more trading days
good job. Are you taking the “real” last week of August off? There are still 9 more trading days
Michael: Thanks! Oops, I made a mistake again. That’s another problem when writing during wee hours of the morning:). I am not taking any off day.
Michael: Thanks! Oops, I made a mistake again. That’s another problem when writing during wee hours of the morning:). I am not taking any off day.