Novice Mistake #1 Trying to catch a falling knife

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.

2 thoughts on “Novice Mistake #1 Trying to catch a falling knife

  1. robertsweetman Post author

    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 ;)

    Reply

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