ASTS was an example of a trade that I was chasing rather than letting it come to me. It started with not having enough conviction on my it due to its fundamentals although the setup was good early on. ASTS provided for a few good setups albeit with a large daily range/stop which wasn't conducive for risk taking. Refer to the red shaded cicle in the diagram below. Even if I planned to buy it, I should chosen the point where the stock broke out of the cup over its previous high

Understanding the 100 Percent Downside in Risk Management. Being an eternal optimist, one of the things I found hard to fathom was the unlimited downside risk to any transaction. When I make a 5000 $ investment, the assumption is that the downside risk is limited to 5000 $ only. This is especially compared to the unlimited potential that any increase has. While this might be true on face value, the reality is that a 5000 $ loss on a 5000 $ investment is a 100% loss and all

Directionless or choppy markets are the most difficult to trade. The last month and a half has been a similar difficult, directionless market conditions. In the past, I haven't managed these conditions very well; giving a lot away. Embracing patience and the inkling to keep doing something daily has been my bane. "Embrace quiet and silence". "Be comfortable with doing nothing". One of the pleasing things this time around has been the fact that I have given up only 5% d