Develop a good process/system.
Verify and validate the process.
Then follow the process.
For it will lead to good results over the long haul.
This is the mantra I must remember.
Being human, my first reaction to the DJ30 +485 point up day today was to be euphoric about the money made today. Instead, I wish I could be more Zen like about this when making money. I have to remind myself that what I should be happy about is that I am able to execute my systems to a “T” and what I control is my ability to follow the process, despite fear of losses. I will certainly have losses at times but following my systems, I will gain more while losing less.
Control and manage the Process. And let the Process deliver positive Results.
Focus on what I can control. Let my execution be flawless…
I am still long biased based on the partial entry signal in my 401K system last month. I have been hedged against the loss and that limited my losses in the last two weeks; but it was still painful. I sold part of my hedge after I felt we had gone down too deep; but with the rise will add some more back.
My next monthly 401K analysis can be done during this weekend to see if there are any changes. My market signals are still down on DIA and SPY.
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