Lib and KMAC (since I am not sure who is saying what) - thanks very much!!! Fantastic post and just what I was looking for in terms of an answer.
With regards to "reflection" - I was actually thinking that very same thing today. "He who doesn't learn from his mistakes is doomed to repeat them".
I have previously read (in a book) that it's a good idea to analyse and document your trades, both winners and losers. Basically to write a summary of each trade and why it worked, or failed. At the time i thought it was a great idea, and I did it a couple of times, then stopped - duh, my mistake.
So I think now: Yes, it's a great idea - that's how I / we learn from our successes and failures. And I have quite a number of the latter to document - which can only help me to avoid repeating my mistakes, which is something I have been guilty of....
It's a real learning curve. Perhaps the secret is to finally "understand" and to "get it" before you've blown all of your trading capital!!
As to why I didn't jump back into MAD over the last few weeks, it's the same reason as somebody else who posted this afternoon: I kept thinking "too late to jump on now, it has to come to an end". Fear of being last man onboard and getting left holding the can...
Even now...after reading your comments that it looks healthy and may continue, etc - I still feel that doubt inside me that it has simply INCREASED TOO MUCH and cannot possibly continue. Guess I'm used to seeing stuff pumped and dumped, or used to seeing everything turn to red. I only started in the "game" Feb last year..so I haven't experienced an optimistic or positive market. I always "expect' the SP to slow down and then fall again...
Anyway, long reply from me - but thanks KMAC and thanks Lib! I really appreciate it.
