S&P 500 & Nasdaq Analysis and Trends

[farooq]

DrWorm,
Do you like to share those 2 bad trades with us?
Explain with out justification what was the reason to go in those 2 trades.
2- what you did to protect yourself in case you are wrong? Did you started with protective measures first or you just went in to it.
3- how long did you stay in the trade once it became obvious that it is going against you.
4- did you protect yourself once it became bad or you just came out of the trades?
Answering to these questions at this point will seem strange but trust me in the longer run you will become great trader. You are already a very good trader.
Taking a loss is very difficult but once you realize it is part of business and you keep it to minimum you are on the way to be the best in business. There is a lot of hard work and little luck in this business. Good luck.