VC

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

I got a late start today, and immediately started taking impulsive trades. I didn’t wait on one to setup properly, so I’m calling it a day. I know that some people believe that you should keep swinging, but if you’re not trading according to your system, you can do a ton of damage to your account and psyche. I’ll step up to the plate tomorrow.

Edit: right after I posted this, a short signal popped up. I have to leave for awhile, so my stop is set at the HOD. I may be late updating this post, but if oil makes new highs, then my losses will increase. However, this was a valid setup, and not impulsive. We’ll find out if it was correct.

I guess it wasn’t, but I would take the trade again. :-)

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com