Friday, April 13, 2007

Yesterday's SnP e-Mini Futures Trade

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Yesterday, I had a bearish bias, and ignored the trend. My thesis was to short at resistance (1450-1452), but when that proved to be incorrect, I should have recognized early on, instead of letting my bearish bias take over. The lesson here is simple - learn to recognize (and accept) as early as possible when you are wrong, that will limit my losses.

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