Even if the Dow turns green and our market follows tomorrow, I'm happy to have put the broom through my portfolios today. Some of those day trades that turned into ST and then into bottom drawer stocks really needed to be given the boot.
This was something I should have done ages ago and really need to keep reassessing. Before my injury, I used to keep a detailed trading diary (as in book form), scribbling notes throughout the day. Flicking back I see warnings to myself like "Three trades on XYZ is quite enough. Don't push your luck." Now I've gotten quite slack and out of the practice of doing it. Even typing has become onerous and difficult to do and the most I have been achieving is to make a quick account of my buys and sells in Notes on my iPad so I can keep track of my profits and losses on a daily, weekly and monthly basis.
Really need to be more disciplined. Lesson learnt.
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- DTers after Market Lounge 6 Feb
DTers after Market Lounge 6 Feb, page-49
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