Saturday, July 23, 2011

Update

Over the past 6 months my trading has generally been going well. I hit a huge speed bump at the end of June and the beginning of July when I kept piling on short as the market surged higher. I went from being way up for the year to down. Lucky for me the market reversed during the second week of July and I have since nearly gotten back to where I was before I fumbled. Trading is a tough business. Just when you think you have it figured out it punches you in the face. I think getting my ass handed to me for a couple weeks was good for me. It's taught me that no matter how much you think you have a safe trading plan you are just one wrong decision away from losing it all. You have to be mentally tough, stick to the plan and always use stop losses.

My workload at my day job has never been higher, so I do not plan to be able to update this blog frequently. I'll be sharing my current investment strategy in an upcoming post, so stay tuned.

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