"Whenever you focus on the results and not the setups, that's when you get burned"__________________"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading"
I am about to retire from software architecture and gradually move to trading stocks and options. I do enjoy software development and admit trading can be depressing some times...we'll see :) BTW I used to be a kid 45 years ago... :D
I take positions where I see a 5-10 point gain in the near term. I move quickly and cut losses fast. 7% loss is general rule. 25% gain is general target. Contrarian sometimes-Trender sometimes. Take what the market gives. Always learning.