A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Monday, August 27, 2012
DIY Investor
Came across this 4-page article which most of us can relate very well to.
"condition their mind" to trade mechanically rather than emotionally. For my own trading, I have to have my profit target and stop orders ready to go, after entering a position I often walk away from the computer.
Too many times I have hesitated on when and where I place my stop or where I took profit. For longevity, some type of mechanical trading is the way to go for myself.
Good read MBA,
ReplyDelete"condition their mind" to trade mechanically rather than emotionally. For my own trading, I have to have my profit target and stop orders ready to go, after entering a position I often walk away from the computer.
Too many times I have hesitated on when and where I place my stop or where I took profit. For longevity, some type of mechanical trading is the way to go for myself.
Thanks for the article.
I really saw my name in the article :) he he
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