I read a lot of the financial blogs out there. Many are quite insightful, interesting, or investable. At this time I don't really have anything useful to add to the blogsphere.
My trading is ok, not great not bad. I make a bit of money, but don't have any real edge over other traders right now. I am currently working on my position sizing. Before each trade I ask myself:
1. Do I have a valid buy or sell signal?
2. What is my stop loss, is the risk acceptable?
3. What is my positive exit plan?
4. Is my position size appropriate?
Hopefully I will keep emotion out of my decision with these rules. Unfortunatly I trade for the wrong reasons too often.
Thursday, September 13, 2007
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