This month’s trading result is bad and it is time to do some soul searching.
Stock trades
The trend has sort of slowed during the start of April and is not actually a good time to enter. I notice I have the tendency to add positions even when the trend is ending. The best time is the first breakout after the retracement. But as I made more money, I became more aggressive. This is not right. As the market continues to trend, the risk increases as the market can turn down any time. One good signal is that my stocks began to break support. Hence, I must learn to enter at the start of a retracement and stop trading thereafter. Discipline! Read more...
I recently this book called the 36 strategies of the chinese for financial trader. it is from the author darryl guppy. I think it might be useful to you esp on risk management.