Fwd:

In Pda brevity mode.

Begin forwarded message:

From: "Tradermark.news" <tradermark.news@gmail.com>
Date: July 20, 2010 16:51:47 GMT+08:00
To: Tradermark <tradermark.news.blogging@blogger.com>

Invensys: in negative territory today. Should I close the position ?? Have closed off UK:CNA . Took a small but negligible profit. Earlier on AU:IPL got stopped out. So feeling abit ansy now. It's like 2 down 1 to go type of feeling. Although have to say, stop is in place. Setup seems to be intact. Had expected some pull back. No reason really to cut position prematurely. Just let the stop do it's job. Only thing is feeling a bit ansy that previous 2 trades had drag account equity down. So feeling the pain of decreased equity. Just want to stop the bleeding by closing all position, regardless. Disassociate from the pain. Mental trading discipline says let the blood clot by itself. Stop is in place. Setup is intact. Wait and see. Only thing I realize now is that, although I had accounted for individual trades risk/reward I had not account for group risk/reward. Which I should do to avoid this problem.