Replies to post #1591 on Boca_Bobby Basics

[nicehit]

That's the problem what to invest in puts or calls. Calls looked good on some of these companies then Mr Obama decides to open his trap about banks and every sector artificially tank.

We have to buy and sell so fast we can't wait for anything to develop.

Nice trading in this environment.

[boca_bobby]

OK shady05,

You are on your way. A bit of advice. Stop looking at those overall #'s until each month has been completed. If you look at how far you still have to go, it may seem like you will never get there. It then in turn may cause you to lose focus and make riskier picks looking for the killer trade. It is Always, Always, Always a bad idea!

On the other hand you may look at some of you good trades made here in the past. This may cause you to lose focus in the other way and you tend to rest on your laurels. You then take on too little risk in fear of losing the gains you already have. This in turn stops us short of our goals and if you are like me, makes me feel like I failed even if I made money.

My spreadsheet at home looks just like the one on the iBox. I then open a new tab inside this workbook to create a spreadsheet like the one you see below my "trades" spreadsheet on the iBox. I only go to the 2nd tab once a month to analyze my trading.

Most times I do this on the first weekend of the next month. This gives me time to look at trades so I can understand both where I went wrong and where I went right. Only by looking at both sides do we get better.

Now with all that said, CONGRATS MAN! You doing very well my friend.