Good Lesson – Don’t get too comfortable
Over the last couple of weeks, our final version of Spytomorrow.com has done very well predicting the pressure of the next day’s market open.
That is not the case today. The market mood changed for various good news reasons and is having a solid up day (We said solid down).
I lost 50% of my options play over the weekend. Fortunately, it’s only a small percent of my account. That is the way it should be.
Down days, over the weekend trade, the end of a long down week with possible good news coming during the weekend. Yeah, it’s not surprising.
I placed a very small position size. Today reminds me why and to not get too comfortable as the track record of spytomorrow.com continues to improve.
You will get where you want to go over time if you let the system work. Let the trades be boring and routine. If it’s exciting, you do have a chance to make money faster, yet, are more likely to lose your money faster.
News can happen any time and take your account with it.