"An expert is a man who has made all the mistakes which can be made, in a narrow field."

- Niels Henrik David Bohr

Monday, April 12, 2010

More end of day thoughts

Given a couple of hours and some additional introspection....

I did goof today. There wasn't any momentum, which I realized - but I was in too much of a 'make something happen' kind of mood (greed). The only viable trade was the last trade on ABX: in line with the market direction and a good setup.

Not a big deal, and I think all of the trades were well executed - but if the flow is directionless, it is better to stay out. I don't need to be in the market on any given day. Play the odds.  Lesson learned... hopefully remembered.

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