When you say you Dropped a Bundle.... to me this implies that you did not
have a maximum stop loss ( mental or automatic ) set up....
You could be using 10 indicators or 1 indicator...if the trade does not do
what you expect it to do...Get out immediately using your maximum stop
loss....you can always re-enter the market...
Also, I do not think it is wise to add to a losing position....if the
market is already not doing what you had expected , why would you add to it
?
----- Original Message -----
Sent: Thursday, April 21, 2005 7:19
PM
Subject: [amibroker] OFF Topic: Trader's
Confessions
I just dropped a bundle trading the NQ
today...
In reviewing my trade (yes only one trade), my
indicators clearly did not indicate conditions for short entry, nor were any
of my adding of positions justifiable, in fact the indicators were quite clear
most of the time pointing in the opposite direction.
In short, I guess I did not look at all my
indicators ( I use basically 3) and must have focused on only one
perhaps.
Wonder how other traders deal with cockpit
errors like this. My system is quite satisfactory to me, but the operator
seems to flake out at times....
Appreciate any feedback.
Ara
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