I felt I was not adhering to my wait at 15.48 level for DBS. My fear on that day on entry is the fear of missing out. Well there is no clear cut right or wrong. But it shows a discipline issue. If I stuck to my discipline I could get in at 15.48 today easily. If it ran away today to greener pastures, I would probably be cursing inwardly over that 'few cents'. But really I think I will be quite zen about it and just BE.
So what? Miss, miss. A bit no discipline, so? Relac la...
BTW, my stop loss level for DBS is 15.21, probably 15.18 I will do some chopping.
wat r the learning points fr turtle trader book?
ReplyDeleteWell, key would be discipline to follow your system. But I might add: this discipline has to come from conviction and confidence, and that comes from lots of study of market behaviour, backtesting, understanding the market psychology behind the system.
ReplyDeleteOf course you get to learn their Turtle S1/S2 systems which I am using a variant of now, after much backtesting.
So all in all, it is quite a good credible way to trade.