0807/2017
__________
It has been a very actionless week up till now. I would like to take this opportunity to emphasize PATIENCE.
If need be, I WILL go on for months without a position. I will only enter the market when I meet my criteria. I do not need to have an open position at all times.
Re-emphasize: It is better to miss a winning trade than to catch a losing one!
Linking this reflection back to my decision-making. I feel that staying out of the crude oil trade was a good decision.
As I am still not very clear on the impact of the ongoing qatar tension, opec agreement, us and paris deal agreement on oil prices. Staying on the sidelines is the safest choice for me.
I also want to highlight to myself that although I set a 5% monthly growth target for myself. My main priority is to stay alive so that I can trade another day.
This means not taking large position on reckless, uncalculated bets.
Your capital is precious. Handle it with extreme care.
__________
It has been a very actionless week up till now. I would like to take this opportunity to emphasize PATIENCE.
If need be, I WILL go on for months without a position. I will only enter the market when I meet my criteria. I do not need to have an open position at all times.
Re-emphasize: It is better to miss a winning trade than to catch a losing one!
Linking this reflection back to my decision-making. I feel that staying out of the crude oil trade was a good decision.
As I am still not very clear on the impact of the ongoing qatar tension, opec agreement, us and paris deal agreement on oil prices. Staying on the sidelines is the safest choice for me.
I also want to highlight to myself that although I set a 5% monthly growth target for myself. My main priority is to stay alive so that I can trade another day.
This means not taking large position on reckless, uncalculated bets.
Your capital is precious. Handle it with extreme care.
I look for value wherever it can be found