If I do 3 bad trades in a row I must cut my size down by a third.
I should always trade at levels , never feel tempted to get into the market just because you think you're missing an opportunity. Others will come.
Look for smaill opportunities in the BUND just a few seconds prior to the open of the US market as someone may be liquidating their positions (just like us!)
Excerpt: Crowds are primitive, and your trading strategies should be simple. You do not have to be a rocket scientist to design a winning trade: cut you losss and run the gains. It never pays to argue with the crownd. Simply use your judgement to decide when to join and when to leave.
Friday, January 5, 2007
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