wednesday trading, page-6

Oh how refereshing, a mature well rounded no ego thread (so far).

Im still short and was 1.5 points from being stopped out last night. Looking to hold.

It is frusterating as I thought we would be tipping over sooner.

Couple of things I'm happy about though.

1. 3 months ago, I would have started to panic as soon as I was getting near my stops and think OMG ive got it wrong, would close out go long only for the market to turn and me think OMG I should have stuck with my shorts, would open shorts again only to be at the same position but with a smaller balance.

2. Now, I stick to the trades I beleive in, I sleep like a baby, if I get stopped out thats fine, I have been stopped out within my risk parameters. Step back and reasses the market.

3. As a result im stressed less and am more confident in my trading plan.

4. What ive learned as Im becoming a better trader: its not about how many you get wrong and how many you get right, its about how much time you spend in your right trades and how much time you stay in your wrong ones that determines your profit.

Have been building significant short possys in the last couple of days (all stops within my risk parameters).

What I mean by that - if I get stopped out on all of them it will have no impact on my funding ability to keep trading.