Friday, August 15, 2008

Trading psychology (revenge mode?)

I'm still working on my psychology part of trading. Yesterday, I exited my 8-month long bean-meal spread. I didn't make as much money as I would hoped for, but made some. Great. Today I got up and checked the bean-meal spread as it became my habit for the past 8 months. Guess what, after I exited, it went in my favor of $1K, but more to come.

I don't know if this is normal, but I must have a bad ego. Since I exited, I want to prove that I made a good decision, but apparently it's not!

One of critical skills to learn in trading is the ability to quickly move onto a next trade. I don't think I'm quite there yet.

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