Monday, January 21, 2008

How does it feel to be on the wrong side?

Watching the video above brought some bad memories from my previous trading period. A period which led to a year break from the stock market. A year in which I went back to basics and tried to understand where did I go wrong and what needs to be done so these mistakes wont repeat.

My heart goes to this guy and I hope he recover from the loss and find the mental strength to sit back and try to figure out what has he done wrong.

One thing that I have noticed about the guy's trading method was the lack of stop loss. In the video he mention how he thought it might gap 100 point but it went down 300 and then another 500. WHERE ARE YOUR STOPS dude?

I urge you to read Brett's response to this video

No comments: