Buy, Sell, Repeat.

Trading Log 10.9.2015

Sidenote: Wildest port swing on record.

Who would have thought that after hours of steadily building the

 chart and momentum, it would suddenly drop like a hot potato 

in just minutes?

Just like that. All Gone.

Shit happens. And whether we like it or not, we just have to 

accept the fact that we can't win every trade. We cut our
 losses and carry no emotional baggage.

Yes we may cry and grieve for the loss. But that feeling should 
be gone before the day ends. Same thing when you win big - All 
flowery feelings out of the window before you hit the hay.

Such is the life of us high risk traders.

Buy, Sell, Repeat.

End of Log.

Technicals or Fundamentals

It's a bull market. Everything works.

But what happens when the bears visit town?

Many traders and investors would find their methodologies tested

 during this phase. It's a time where you find out what works best

 and what doesn't. 

I've heard countless stories of people and their experiences. How 

they gained big or small but lost more. I would find their system

 and approach good. Be it a fundamental or technical approach, it

 would usually be a system that is well toiled and thought of.

So what went wrong?

The most important thing people forget when treading and trading

 the markets is the mindset. A system based on fundamentals or

 technicals in its purest form is just sets of "if, then, else" 

statements.

example:

IF A breaks-out of 10, Then Buy at 10.01-10.1 ;

IF B is [insert fundamentally sound principle], Then Hold/Buy ;

else, avoid ;

Simple right?

But why is it so hard to act on it?

Because numbers are constant. Your emotions are not.

And while some people would argue that you can mix both

 fundamentals and technicals, I believe you just can't.

Either of the two works, that is... if you use the right approach.

And No. you can't choose Ereudite.