Thursday, 1 January 2015

It doesn't matter...

If you have had some bad trades, perhaps a bad year, then read this every day.  And if you have had a great year trading, guess what, you too should read this every day.
As quickly as you can make bad trades again and again, your good trades can turn bad.  When it comes to trading you can't base your future performance on past results.   If it were that easy then we'd all be retired millionairs.   The market changes, the games changes, you change.
All you can do is live today, plan for today, trade today, and constantly re-evaluate your performance. With every new day, new trading opportunities present themselves.  You decide choose and act on them.  Or perhaps you don't.  What's important is that your make more positive trades than negative.  Who care what trades you missed out on. Away with the would have, could haves, and should haves.   Sometimes you trade. Sometimes you don't. If it doesn't feel right, don't do it.  Don't babysit the trade, and don't worry about anyone elses performance but yours.  
I wish you a Happy New Year and Lots of Success in 2015!