Let's start with a shout out to my #1 reader. She has been reading my work my whole life and has been and continues to be a major influence in the way I tackle problems and order my thoughts. Let's have a big hand for, Eileen Rosenthal!!
Trading Technique: Believe, Believe, Believe...
We must believe in the system at all time and not hesitate to execute trades following the rules. This does not mean every trade will be successful, but it does ensure that the body of work over time will prove out.
E.g. We had the sell signal on CEO yesterday, but for reasons outside of the rules I only sold 1/2 of the position. This morning the stock gapped down 4%. We mus thave the strenght to make decisions and the courage to follow through.
Wednesday, May 28, 2008
Time 9:35
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