Comments on: The Biggest Enemy of Traders http://www.thestockbandit.net/2008/08/04/biggest-enemy-of-traders/ Trading blog for day trading, swing trading, and trading psychology Wed, 08 Sep 2010 10:48:12 +0000 http://wordpress.org/?v=2.7 hourly 1 By: TheStockBandit http://www.thestockbandit.net/2008/08/04/biggest-enemy-of-traders/comment-page-1/#comment-97098 TheStockBandit Tue, 05 Aug 2008 13:08:47 +0000 http://www.thestockbandit.net/2008/08/04/biggest-enemy-of-traders/#comment-97098 Hey Jon, Thanks for your comment - You bring up a great point of flexibility on an intraday basis. When the market or your watch list is moving differently than anticipated, it takes a willingness to go back to the drawing board if you do want to be active on such days. Something which experienced traders are much better suited for than beginners, so long as overtrading (forcing plays) is still avoided. Jeff Hey Jon,

Thanks for your comment - You bring up a great point of flexibility on an intraday basis. When the market or your watch list is moving differently than anticipated, it takes a willingness to go back to the drawing board if you do want to be active on such days. Something which experienced traders are much better suited for than beginners, so long as overtrading (forcing plays) is still avoided.

Jeff

]]> By: Jon Gethner http://www.thestockbandit.net/2008/08/04/biggest-enemy-of-traders/comment-page-1/#comment-97091 Jon Gethner Tue, 05 Aug 2008 11:58:32 +0000 http://www.thestockbandit.net/2008/08/04/biggest-enemy-of-traders/#comment-97091 The Day stands out in my recent memory as I went 4 for 4 profitable. I think that there was an expectation (partly via the video) and partly that it was a Monday, that the market would be up. But, in my watch list of the stocks listed for day trades, I immediately saw that Longs were going down and shorts were going up. With irregularity, I use the day trade list as a sort of directional index for deciding which setups to take. Yesterday was not a good long setup day. The Day stands out in my recent memory as I went 4 for 4 profitable. I think that there was an expectation (partly via the video) and partly that it was a Monday, that the market would be up. But, in my watch list of the stocks listed for day trades, I immediately saw that Longs were going down and shorts were going up. With irregularity, I use the day trade list as a sort of directional index for deciding which setups to take. Yesterday was not a good long setup day.

]]>