Aint trading just peachy

[Maddog]

Well as of today All my profits have been wiped out that i made from the 1st Jan 2007 and im actualy 5K down on my capital me think i might have to convert all to cash and sit this sick little puppy out for a while

[asylum]

Yeah not a great day though i think it was overdone if you ask me, you know its the same when the bull is running some shares just take off and later come back to normalise i think the same is hapening here but just in reverse. OMO

[SimonPB]

Maddog, that's why exit strategy is the most important part of trading.

[#4]

But then you also need an on line trading system that works fast and efficiently which SFM did not provide. The call centre is the alternative but that is pathetic!!!!

[#5]

yes I return to my no 1 trading rule for trading in these conditions...no overnight positions.....no matter what

[Maddog]

Simon no truer word said I did not follow my own rules had a trailing stop on my long term shares of 20% and i watched MTX from being 205% up to getting out at 119% SIm from 70% up to a loss of -3% I will in future follow my rules to the letter Discipline is even more important that skill when trading....lesson learnt