Thursday, August 13, 2009

Managing expectations

Mike's picture of the Notre Dame huddle below remind me of managing expectations. All good traders manage their expectations. I want to make x dollars. Maybe I need to make x dollars. But the market might not want to give me x dollars today. Do I try to force it or do I wait for my set up? This often means the difference between a good day/week/month and a losing one.
The easy trades and the good days come, everyone nails them. But it is not realistic to expect your best PnL day every day.
Speaking of expectations, Da Bears march to the Super Bowl begins 6:00 pm cst Saturday with a preseason game against the Bills.

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