Are you piloting your trading with safety?
by Ana Maria Wilson
As a full-time trader of highly speculative stock and commodity options armed with a basically sound
system, I'm always looking for ways to strengthen the weakest link in my trading program: the human
factor. Specifically, I find challenge in maintaining the discipline to respect a set of trading criteria that
• designed to protect profits and preserve capital,
• arrived at after much research and not a few costly mistakes, and
• laid down clearly in writing to avoid any deviation from a prudent trading path.
I regret to say that at trading time, I have rarely allowed this cool and detached assessment to prevail. It's
been my experience that at times when the satisfaction of the criteria to enter or exit a position is
borderline or while the trade is in progress, when judgment is the least clear and emotions are engaged, I
have bent, twisted or outright disregarded my own criteria for some arcane hunch that this time things