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

After reading Richard’s post, I was going to leave a comment. However, it was much too long, and I decided to write a separate article instead.

On the surface, I agree with some of it, and other areas I’m not sure about. I do agree that many people make excuses for their losses. They may even make up reasons to justify not trading (that’s the part that I’m not sure about). However, I’m open to the fact that this may very well be an excuse. Or it may be something deeper.

My purpose is not to debate Richard. He is a profitable trader that covers his living expenses by taking money out of the market. I’m not. It’s very possible that he isn’t right about everything, but you judge a tree by its fruit.

With that in mind, instead of bringing up what I may disagree on, I carefully considered his post. The one part that stands out is that I probably (read definitely) don’t have a system that either works, i’m confident in, or have enough experience trading the system to do so profitably. At this point, I don’t believe that taking a few days off is the answer. Neither is the advice to keep swinging. However, his advice was to keep swinging if you have a solid system. Recognizing that fact, I’m starting from scratch.

It’s time to review what I think I know, what beliefs may be misplaced, and how I can reach my goals in trading.

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