Excellent advice Matt. IMO, a plan and stops are the the
two most important must haves for traders - takes the emotion out
of trading and helps keep your head clear. This market
has been insane for weeks - there is no such thing as buy and hold
these days.
As for Monday, I took some shorts home right at the close.
My 15 min chart looks like it is backtesting the broken
trendline. That said, I will exit those shorts if we break up
and will sit on the sidelines until a better setup presents
itself.
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Excellent advice Matt. IMO, a
I'm just confused as heck. Are we going down over ...
Posted by pebs on 6th of Aug 2010 at 11:03 pm
Excellent advice Matt. IMO, a plan and stops are the the two most important must haves for traders - takes the emotion out of trading and helps keep your head clear. This market has been insane for weeks - there is no such thing as buy and hold these days.
As for Monday, I took some shorts home right at the close. My 15 min chart looks like it is backtesting the broken trendline. That said, I will exit those shorts if we break up and will sit on the sidelines until a better setup presents itself.