Friday, August 15, 2008

Scans week ending 15 August 08

Well, absolutely nothing to do for this week.

NO stops to be moved and NO signals.

I was a bit nervous at the end of last week. I was sooo tempted to close out a few positions because it all seemed to be going against me. However, I resisted the temptation and that was the right thing to do. My heat position meant that I could not open any new positions which was a good thing for my blood pressure... BUT I should be experienced enough by now to not let things get to me.

Afterall, thats exactly why you need a trading plan that includes risk handling. This means that the potential on the upside is unlimited, but should everything turn pear shaped you're not going to lose everything.

Remember, the main goal of trading is to survive to trade another day! No money, and you can't play.


happy trading
Sharon

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