Tuesday, May 13, 2008

$200 loss per month?


"The definition of insanity is doing the same thing over and over and expecting different results."
Benjamin Franklin

I like this quote. I'm not trading until I change.

Prospectus-
I lost. I failed. I tried again. I failed. repeat that 6 times."
You still haven't accepted that fact. Pointing it out shows that you still haven't come to terms with the losses.

Perhaps

Cory-
$200 stop loss per month is crazy. That would make trading incredibly boring.

Pro and Cory-
I'm up for the challenge.
Less blogging, more discipline, smaller size in trading.
There's worse things in life than losing money.

1 comments:

cory on 1:37 PM said...

$200 stop loss per month is crazy. That would make trading incredibly boring.
yes , if you make 1K a day then max loss $200/m will be indeed, crazy and boring. However if you happen to chart your p/l from month to month and they all show negative then it is better to stick with some small amount until you you get better. The exciting reward is, after 3 consecutive of postive months you are authorized to double the max loss amount. :)

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