October 27, 2008.
Starting capital: $34,816.
Long 3 units on YM at 8,245. RMO produced a buy arrow. CCi crossed -100 upwards. Stop at 8,095. Got stopped for 150 points loss.
New capital $32,579
Market was up almost 400 points only for it to tank and lose all its gains in the last trading hour or so. So this shows how crazy this market is now. So stop loss is really really crucial at this time. Or at all times rather. However, no matter how many times we get whiplashed by the market, we need to be very disciplined and always go in whevener there is a signal. As long as your system is proven to work it will work. Sometimes it is just the market that is bad.
Once you start doubting your system, everything will not work. Cause without a system, everything would be based on feeling and when you use feeling to trade, it is almost like suicide.
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