My retirement accounts have had a pretty big drawdown. This move was approximately -10% in 5ish days. Seemed like a fast ride up, but how about that drop!
You can really see all the trading axioms are wise:
Don't try to catch a falling knife.
The market can go down longer than you can stay solvent.
Hope is a 4 letter word.
Trade with a plan.
The market doesn't care what you think.
Popular Posts
-
Daily setup : volume gap above downtrend Entry/play : New high after pivot low Management : Trail stop. I didn't tighten near top, and...
-
Daily setup : Gap up, earnings Entry/play : Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry. Manageme...
-
Daily setup : Hammering on volume, still in this pennant I'm watching Entry/play : After ndh surge, bought in box. Way too early. Mana...
-
Daily setup : gapping above high downtrend Entry/play : postO, trading back above vwap Management : combination of targets and squeezed st...
