This has not been a good month for me. The last two months I broke even so I was beginning to doubt whether I could make money in this high volatility, increasingly unpredictable market. I overtraded the first week of December. The setups I was taking actually were fairly good, but everything I touch isn't working right now. Either I'm off or the market is off, either way I need to stop for a while and preserve my capital. I've learned that one of the paradoxes to trading is that the harder it is, the less rewarding it is.
Wednesday, December 10, 2008
More chop - back to sidelines
This has not been a good month for me. The last two months I broke even so I was beginning to doubt whether I could make money in this high volatility, increasingly unpredictable market. I overtraded the first week of December. The setups I was taking actually were fairly good, but everything I touch isn't working right now. Either I'm off or the market is off, either way I need to stop for a while and preserve my capital. I've learned that one of the paradoxes to trading is that the harder it is, the less rewarding it is.
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