I remember writing in November 2009 of the year :
I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business.
I would not like to go back to such times, so you need to work harder and better fulfill your ideas.:
- I started thinking about money again, not about smart deals. (You can not earn by focusing on the desired amount )
- Stop once and for always open trades in the first hour
- The best trades were for the continuation of the trend, not to turn it around. (You can catch a reversal of the stock, but it is very difficult and becoming unprofitable lately )
- Temporarily limit yourself to taking profit in 50 cents and do not chase 100 cents
- Make better search for stocks
- Reduce loss limit and position size by half
- Remove all emotions
- Make October the best month with a strong discipline and focus on quality and execution. Quality is needed, not quantity. I would rather not trade when I do not see ideal opportunities for a trade., than open a position for a tick.
