Constantly Improving the Execution of My Trading Plan Because Talk is Cheap

Sometimes I let my gains run too long and then I give back too much and other times my losses become even bigger as I let them run for a day or two unconvinced that they are done for (at least for the time being). I work best when I am unemotional and execute trades when they’ve hit a predetermined stop. For the rest of this month, I will not second guess myself. In other words, I will take gains when they’ve hit a profit target and sell when they’ve hit my stop.