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Saturday, May 22, 2004

Reflections on the last trade. Lucky. Piss poor mechanics. Good call on the entry point. I believe getting long when the XAU falls back to the weekly uptrend line will prove rewarding. But will it fall back that far again? That is the question. Can I improve my trading execution? That is another question. Options have expired and we will now roll over to the June options. It would probably be wise to hold off on anything next week. But who knows. More importantly, I've got to move on and get better. There is plenty of money out there and I think I have some legitimate ideas. But my performance in the heat of trading must change. How to do that will require discipline. It's up to each trader to find it. I'll keep searching...

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