Smash That Reset Button!
The only thing that breaks this cycle is hitting the reset button: Going to cash and finding a clean slate.
It might not always be the optimal solution. And it certainly doesn’t always feel good – especially when locking in a loss of my trading capital.
But once the smoke has cleared, serenity and clarity set in. I can then get back to basics and try again. This time better, thanks to the lessons learned.
I need to remind myself it’s ok to hit the reset button – even multiple times, if needed.
When in doubt, get out. The sooner the better.
There’s no better way to have the best opportunity to make smarter decisions. I might not win the latest sprint, but I’ll be in a better position for winning the marathon.
Trade 'em Well,
Sean McLaughlin
Chief Options Strategist
All Star Charts, Technical Analysis Research