We screwed up last week.
Well, technically it was the “TradingDirector” app my Hedge Fund uses that screwed up – it went crazy with a Heating Oil trade and entered a position 15 times larger than it should have!
My heart nearly stopped when I saw those numbers.
It felt like that moment you realize you left your phone on top of your car.
Here’s the crazy part…
That massive trade would have made us stupid amounts of profits.
But we didn’t hesitate for a second.
We cut that position down to the proper size immediately.
Know why?
Because systems beat emotions every single time. If you start breaking your rules when they work in your favor, you’ll break them when they work against you too.
I’ve never been more proud of my team for doing the right thing, even when it might hurt.
Trading is simple.
Not easy, but simple.
Follow your rules 100% of the time, or the game’s not worth playing.
