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5 Comments »
Jeff White on 24 Oct 2007 at 4:46 pm #
Hey Jonathan, thanks for pointing some readers my way, I hope they find the article useful on some level. I am wrong plenty, but I’ll be fine so long as I take your approach in dealing with them. You put it perfectly - if we follow our method and avoid the ego trap tied to those losing trades, we’ll be fine!
Thanks again for expanding on this idea, you do excellent work here at A Trade A Day and I always enjoy the read!
Jeff
When Good Trades Go Bad | TheStockBandit.net on 24 Oct 2007 at 4:48 pm #
[...] 10/24 UPDATE: Jonathan over at A Trade A Day expanded on this concept and has made some excellent points along these lines. Check it out. [...]
thewild1 on 24 Oct 2007 at 6:52 pm #
I definitely fall into that ego trap many times and I can’t help it
Suzanne of Pittsburgh Options Trader on 24 Oct 2007 at 10:38 pm #
Jonathan, thanks for the thoughts, I know my ego has taken a hit with no profitable trades, real or paper, in the past 4 weeks. Ugh. I see stocks going up, but they don’t fit my criteria. I am practicing patience, waiting for a setup that fits my system.
Jonathan on 25 Oct 2007 at 10:37 am #
@Jeff: Thanks Jeff. I appreciate the feedback.
@thewild1: I still fight the trap as well. Focusing on my setups helps.
@Suzanne: Yeah, a string of losses can hurt, but your patience in waiting for your setup will pay off I’m sure.