used cmc today, page-36

Thanks guys. I do think I need to consider a backup plan. Got another computer nearby, just not loaded with the software. Trouble with trading intraday is that you need to use a lot of leverage to make profits from smallish movements in often small time frames. It requires control, precision and discipline. Todays loss happened in about 15-20 minutes. By the time I'd called the broker and got through the phone computer menu, established my credentials, got him to track down my account etc I woldn't have saved much time. The real problem today was my lack of discipline in not trading my way out of the situation; I allowed myself to get thrown out of my traders mindset and into road kill mindset. You know, frozen and scared in the headlights. If I'd had my traders head on I would have seen that a bounce from where it was when I sold was highly likely because it was at major support - and holding would have been consistent with my trading plan for the day. That plan was to trade long because I'd defined a high probability short term market turning point from bear to bull. Anyway, I've learned from the episode and maybe my experience can help some others as well. Cheers!