gapcap1
08-24-2015, 12:41 PM
If you are not nervous or fearful right now, that is very bad. You should be fearful. That is regardless of whether you are currently long or short.
If you are nervous, control your nerves and follow your discipline. If you've spent months/years developing a system, stick with it. Don't make excuses about this time is different.
If your discipline says that you should have a position of $X dollars (whether long or short), cut your position in half and double the size of your stop. That is, control your risk -- but don't change your methodology.
If you are nervous, control your nerves and follow your discipline. If you've spent months/years developing a system, stick with it. Don't make excuses about this time is different.
If your discipline says that you should have a position of $X dollars (whether long or short), cut your position in half and double the size of your stop. That is, control your risk -- but don't change your methodology.