Obedience is Better than Sacrifice

If you are familiar with the story of Saul the first king of the Israelites in the Bible, you'll remember an incident where he failed to strictly adhere to God's instructions resulting in the eventual loss of his kingship. The lesson from that story is "obedience is better than sacrifice".

Well. It applies in this matter as well. The system gives clear signals when to buy and when to sell. I continually listened to when to buy and ignored when to sell thinking I still have time for the values to rebound. Well, things only got worse. As a matter of fact, all positions I have held or am holding end up basically worthless. Unfortunately, I sacrificed ALL of my cash (which is never advised by the way) with the thinking that things will get better when the system clearly told me that it wouldn't.

If you are reading this and have developed some sort of system that you believe will work, stick to it. You will not outsmart it with your emotions. It is when you do something the system has not suggested you should do that you will fail. I was told this when I made my decision to start trading. As is often repeated, "easier said than done".

Well. I'll be taking a long break from trading. I am penniless at present and need to focus on building my real estate business. Once there is income from there, I will come back. But I might secretly attempt to trade again with a little of my tax refund. Actually, I'm quite certain that I will trade. This time, I'll follow the system. But then again, that's what I said last time.