Today, I’d like to write about a really good friend of mine. His name is Alf. Well, not quite. It’s Alf but with an additional “R” at the front. Ralf. If you are a trader you may already have heard of Ralf. That’s because Ralf is a really great speculator, one of the best.
Agreed. Don't use F to FORGET. Try to understand and learn from your trading mistakes. Trading mistakes happen. They are a natural byproduct of the process. LEARN and then use F to FILE them away but don't forget about them.
Nice post with plenty of healthy reminders. I appreciate this:
R - Recognize
A - Admit
L - Learn
F - File
This sounds much better than what sometimes is:
R - Recognize
A - Admit
L - Learn
F - Forget
Agreed. Don't use F to FORGET. Try to understand and learn from your trading mistakes. Trading mistakes happen. They are a natural byproduct of the process. LEARN and then use F to FILE them away but don't forget about them.