After today I realize that protective stops could be the best thing I could ever use to manage risk. I really didn't have to lose as much as I did. And I need to adapt to switching my suit: what I mean by that is putting on some long positions (bullish) when the time is right. Even though today had such choppy movements I still could've been a more nimble range trader on the long side.
IMPROVEMENTS
-Today confirmed to me that Gold has more potential. I even want to hold it for a few days even weeks! I will be implementing this.
Wednesday, October 7, 2009
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