I honestly don’t know where the markets are heading next. I cannot predict where and when the top and bottom shall take place. But I learnt it hard way, what I should do "stay" or "quit" when price is traveling beyond my reference levels.

Tuesday, June 14, 2011

Even an elephant can slip !!

It's a famous proverb in our tamilnadu. Even an elephant can slip!

Just look at this image!



This image reminds me lot of consequences caused by bad decision in my trading life. Of course, every trader can correlate this image to his trading life. Yes, you cannot shoot your own leg which always take you forward.

To read the story behind this image, just go here slopeofhope

Veteran trader Tim knight talks about one of his bad decision.Thanks to him for this excellent write up.
Posted by at 5:10 PM
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