DOW is at 3-month low.
Finally, my patience paid off. The Dow Jones Industrial Average fell today another few hundred points and I got out of DOG (at $65.30) and +VIXGD (at $4.20) just in time to pack our luggage for the trip.
Trading is not an easy thing. Even though I let myself to go away from the computer screen for hours, even days, I am always evaluating the probability of making / losing a lot of money. When volatility of my portfolio is high, I stick around my trading platform; when it is comfortably low, I let myself to concentrate on the previously neglected stuff.
In my opinion, there are just three rules to be a successful trader:
- Not being greedy.
- Thinking ahead.
- Keeping your words (have discipline).
I’ll elaborate on it after I come back from Europe.