Mpx, I'm laughing a bit because it's happened to me too.
In these cases, particularly o'night trading where you're not watching the screen religiously, I reckon it's best to "get small" with your positions and set a wide stop.
If your trade is executed based on plan/indicator that you're comfortable with, let it go and get a good sleep.
Sounds basic, and probably a bit condescending, but I've found I've become a better trader doing that. I'm still only in my toddler stage of trading, but after reading Schwager's "Market Wizards" book several times, this system is much less stressful.
Gun traders such as Michael Marcus employ this. It's based on money management and risk. Once it's executed and you're comfortable with the plan and the risk, walk away for a bit.
All the best.
- Forums
- ASX - By Stock
- XJO
- my rant for the day
my rant for the day, page-2
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,091.9 |
Change
46.800(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
8,045.1 | 8,091.9 | 8,045.1 |
Featured News
XJO (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online