Thursday, May 20, 2004
I have a meeting at my day job so I don't have a lot of time today. Half and hour to go and the market is choppy. Light volume. NEM and the XAU are both down. The NEM options are under water and not moving. The price of NEM is right at the strike price. An up day tomorrow and maybe I can salvage a small loss. A down day and I'm cooked. The mental side of the game takes over when the mistakes are so terrible. It eats away at you. It diminishes your capability for finding other trades. It stifles your ideas. It drains the mental resources and takes away the ability to reason. Mistakes cost you so much more than money. There are no excuses. You must look in the mirror and face yourself.
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