Timothy Stolz

Unpredictable Markets? Heed Your Own Voice

Each of us have our own unique "set of rules" by which we apply our trading methods. Robert uses an 8% stop to limit his downside, others commonly use a 10% threshold. What I got out of this article was the authors willingness to share with the reader his errors or mistakes that were made in applying his personal trading system.

Each of the responses above would have been more educational if they contained an example of the same.

I for one, contradicted one of my "trading rules" by going into the oil and gas sector to purchase stock BEFORE the EIA numbers came out last Wednesday. My trading rule is to wait until after those numbers are released to do ANY trading. My hunch that day was that the numbers would show only a modest rise in the inventories, not the dramatic numbers which came out. I found myself selling off the purchases I had made only an hour earlier, now at a loss.

Robert was candid enough to share with us his "learning event" and I complement him for doing so. Now, how about the rest of you?