The end of last week was a disaster in which I yanked a stop and I suffered the well-known cascade of terrible events. I'm still reeling.
It is much better to take a stop than to suffer the worst. It is RARE that stops don't save me from disaster, so I need to set my ultimate stop and never touch it.
Something else to consider is on Thursdays and Fridays if I should trade same week or next week expirations. When I'm right it's so good, when I misbehave it's so bad.
I am considering paper trading today, but know I won't. I'm still wounded, even after the weekend. But with the lesson fresh, I will NOT yank stops.
Popular Posts
-
Today is the second time in a few days that someone in "the other discord" (not my main pod) has tried to make a case that a stock...
-
I've had a beautiful several-day run trading where everything seems to be clicking. I'm raking in steady really nice money. I'm ...
-
Market is extended down. Not my best climate bc usually my setups are pretty played out and I'm not good at reversals. Plus, Friday and ...
-
I backed up and "pdf"ed this blog. In blogger I backed up the theme and the xml (uninteligible code). The surprise TREASURE was ...