Consistency is a constant effort and must come with discipline. I had two setups yesterday, Both had BBD and TL support. I took HE but not GE because HE had a Fib 50 line. I was afraid I could get double hits if both similar setups failed. It turned out the one I took got crushed and stopped me out today. The other one pushed through my line of entry. It touched Fib 62 and bounced back above my entry. I was planning to set my entry at Fib 62 this morning for GE but hesitated. So I missed a winner and took a loser. I paid a price for not being consistence with my setups.
I also missed V's day trades calls today. So far this month I took his bad days but missed most of his good days. I need to force myself to take his calls with at least 2 lots. I know he has more winners than losers and he is very profitable. Some times I just don't have the courage or clear understanding to take his calls. What am I paying him for? His risk is much smaller than my swing trades. Why am I more nervous about his trades than mine?
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