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Ira and All,
At 05:54 PM 12/01/00, you wrote:
>Was it you or your system that broke down.
I was the one who broke. The system works when followed, and
BTW, it is easy to follow.
>You shouldn't have to say after 8 points I quit.
What do you mean exactly? There has to be some "stop loss"
point for me personally, doesn't there?
> Did you trade your feelings or what your system told you to
>trade?
After following the rules the first two trades, I then traded my
feelings.
>There is something basically wrong here and it is either you or the
>system.
Without question, it is me. This evening I went back over the day
and my system would've profited 12 to 15 points without much
problem had I followed it.
>There is no solution without a lot more information. Ira.
I value your insights and suggestions. Thank you for any further
ideas you have for me.
Warmly,
Brian Voiles
>Brian Keith Voiles wrote:
>
> > I have a question: At what point do you (meaning everyone in general)
> > call it quits for the DAY when you're losing? And how do you
> > discipline yourself to actually stop and quit, and not try to "make it all
> > back"?
> >
> > I'm wondering because I had a great week in the S&P this week, up
> > until today. Monday was a 3-point gain, Tuesday was a
> > 5-point gain, Wednesday was a 9 point gain, and Thursday was a
> > 9.5 point game. Now... here we are on Friday... and I lost 19.7
> > points (ouch!). So grand total I made 6.8 points this week on
> > 18 trades... a net win of $1232... but could'a been a lot more if I
> > hadn't responded so emotionally today to this:
> >
> > My first trade today missed the limit by 1-lousy tick.... then it
> > turned around and hit my stop -- minus 4.7 points. Second trade:
> > the same thing happen -- minus 5.5 points.
> >
> > So those two events got my emotional-juices flowing. But, you
> > see, I have a written rule staring me in the face that says
> >
> > "REMEMBER: a loss of 8-points and you're done for the day, no
> > matter what!"
> >
> > So I ignored it. Here I am after the session realizing that may be a
> > rule I can't live with. After-all, I'm the "come-back king!".
> >
> > Well, I'm looking for all you "old-timer's" advise on this. What
> > rules do you follow and how do you mentally and emotionally
> > disconnect enough to quit while the losses are "small"?
> >
> > Thank you,
> > Brian Voiles
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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