March 10, 2013
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Trading Update: 3/4 – 3/8
Had a great week for the most part. The gains this week made up for the losses from the prior two. Big gains using directional methods, medium gains via hedging. Missed adding to my profits later in the week due to old habits dying hard. I’ve been finding it hard to engage in hedge trading at times due to my “directional” sense resisting the hedge move as being the “wrong”. Of course the hedge move turns out to be “right” and I missed that additional profit.
At least it serves as a reminder to not override my hedge trades. My solution was to make hard rules that I have to follow regarding hedging until it comes more naturally. I still kind of kick myself for not engaging in hedge/delta style trading earlier, but I would not have been able to do it well unless I first picked up my current set of skills, so it follows my evolution and growth in trading.
Comments (4)
It’s amazing that you are learning to do this on your own, and what is good learning without a few learning opportunities like the one you just experienced.
Keep up the trading!
@Tooty_fruits - Yeah, it’s been quite a learning experience, but happy to say it’s bearing good fruit. =) I would say not having a mentor to help me learn has been both a curse and a blessing. I most likely would have learned sooner with a mentor but but I know have something that feels like an extension of me rather than trying to duplicate someone else.
I don’t understand all this business talk…. I think this is the first time I’ve read a xanga entry and felt truly lost. Ahah.
@christykim - Haha….it’s like osmosis- the more you’re exposed to it, the easier it is to absorb.