Chasing red lights and run-away prices

…cont’d from yesterday…

Car: Stop at red lights
Trading: Don’t chase price past your ideal entry point

Car: Keep your eyes on the road, don’t daydream about your destination while driving
Trading: Focus on trading tasks, not the money, during trading hours

Car: Don’t drive when road conditions are extra hazardous or when your brakes aren’t working
Trading: Don’t trade when market conditions are not favorable to your method or if your equipment is not working

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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