Murphy is watching

Have you ever noticed when you buy a stock because everything looks good, that as soon as you enter, it goes the wrong way? Then comes the pain of loss. You can’t take it anymore. You get out. And it immediately proceeds to go in the direction you had called! Well that has happened to me more often then I care to remember. I call it Murphy is watching.

I think the only answer is to keep disciplined and follow the system each time. Then eventually the odds will stack up in my favor, assuming I did my homework and chose a decent trading system to begin with.

Overall, I am hedged and incurring much less loss over this down turn than most people who are not market timers. But there is this one stock that I got a long entry on that I entered a few days back. It is an energy related company. It moved up a couple of days after I bought it; but has sharply turned down. I will follow my system and eat the loss if that is what I have to do when it tells me to exit. But then I will re-enter it each time it tells me to. I cannot be right all the time. In the meantime, Murphy must be watching me…