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

Time for a break. I can take losing money, but losing control is another matter. On days like this I realize that even if I had a consistent strategy, if I don’t follow it, there is no limit to the drawdown I will suffer. I have several bad habits that need to be changed. I’m taking tomorrow off, and maybe next week.

Limiting myself to two trades per day is probably a good start.

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