Ergh… terrible week for me so far based on my shocking results (down >10%) though of course I may be able to pull it all together tomorrow
I present rookie error #1 – Trying to catch a falling knife
This is basically attempting to follow the price down on the basis that it looks like it’s dropping fast without taking anything else into account or actually having a strategy…
I’ve now reached a new low psychologically/emotionally having discovered I’ve got the self discipline of a hyperactive teenager with ADHD
Bugger.
Have you set up a “punt” account yet? Falling knives are a fantastic one for that.
Dom – I’d love to say yes, in fact I did set up a demo account… and… I have logged into it exactly once. I guess I am hard of learning or educationally retarded or both
Am working right this moment on a list of “Pre-trade questions to ask myself so I don’t trade like a total dick-head”
It could be a long list so will post it next week