con·vic·tion
YM DAILY BAR |
Did the market sell off enough for it to continue rising? What’s the latest breaking news that’s going to move the market? Should I hedge against my long position? Can the DOW make it above the next resistance level? Will price hold support? Will the debt ceiling debate ruin all my progress?
I could go on and on with the questions, but I know that none of my questions really matter, what matters most is that I stay committed to three basic rules.
1. Use good technical analysis
2. Identify how much I am willing to risk/lose
3. Manage the losses, let the profits take care of themselves
- Trin
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