"A man is not finished when he is defeated. He is finished when he quits."

Thursday, January 28, 2010

January 28th



I had some extra time today to practice trade today so I took advantage.
Nothing unusual really... just looking for my favorite signs of direction change as guideposts for my entries. While my instincts seem to be improving, I still find myself in early, unable to sit back and wait for the candles to show me the way to a timely entry. Inevitably, I am also early getting out, though that is less of a concern to me at this point. When using 5-minute candles as signals for a call to action, I must allow the candles to complete unless it is an extreme move that is developing.
It is at my peril that I not develop the appropriate amount of patience.