crash part two, page-62

romaioi, i think we all go through times when everything looks fantastic on our setups, but as soon as we enter a trade, the complete opposite of what you expected to happen becomes reality.

being wrong is just part of trading...you have to accept it.

its not about being right, but about trading right:
you have to try and keep your losses small, and when you get a good trade let it ride.

i went through a phase where i widened my stops but that nearly wiped me out... a move always has the tendency to go on for longar than you expect it to.

now i just get out of a losing trade early...and its paying off well.

and sometimes you just have to step aside and wait for the next opportunity:
eg the asx200 at the moment has looked like a good short 3 or 4 times, but there has been no follow through...so i'll just wait until the rising wedge ends and see what happens then...