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Recent falls...how have you faired ?
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Hi Foz, What the shakeout did for me was reinforce the need to be disiplined!!!!!!! Ill admit I got hit why for months Daryl has been saying it's time to tighten stops in the past I have had stops hit and made excuses to give the stock more room as I am trend trading so I need to give it more room as it will turn and be a good one ( so I thought) Here is the problem, in the past giving more room seemed like a good stratigy the movements were slow and I never risked more than 2% when the turn came I was sitting on some stocks that were close to the 2% I should not have been holding them as they had hit stops. You guessed it they fell out of bed big time, Iwas always scared to miss out on a profit I now know first hand how important capital protection is!!!!!!!! In spite of recent events I am still having my best year ever but hopefully will not make the same mistake again!!! Regards Ralph
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Recent falls...how have you faired ?
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