Replies to post #20422 on Traders Cooperative

[Joe Stocks]

>>even if you had "stronger discipline" you would have had the same answer to short AMZN<<

SS, Thanks for the comment. By 'discipline' I mean;

1. My position was too large for the risk.
2. I did not honor trailing stops on the rebound from the 2Q report leaving significant profits behind.
3. On the rebound a continually tried to time a top and left my stops too far out.
4. I let conviction rule over discipline.
5. I confused the company with the share price.
6. I did not acknowledge that the significant profit from my 2Q play was a reward for bad behavior and thought of it more as a savvy trade instead of luck.
7. I had my figure on the button to buy some protective calls yesterday but talked myself out of it. Greed ruled.

You are right, I would have been short yesterday anyway, but by being disciplined and following my self imposed rules my loss today would have been much smaller.