Friday Notes – My Hippocratic Oath

I have certain rules in this business, which touch both my trading and teaching businesses.

And Rule #1 is “Above all, do no harm”.

And while the concept is self-explanatory when it comes to my teaching efforts, I’ve also learned to realize over the years that it equally applies to my trading.

For example, today is Friday, which is the last day of both the week and month – timeframes that are both critical to me in terms of evaluating performance and continuing to grow one’s capital.  Days really don’t matter much to me, and monitoring anything less than a week is asking for trouble.

And while I sub-optimized profitability at times this week, Friday afternoon is no time to play catch-up. 

So now that the morning poker game - where it was pretty evident as to who the sucker was at the morning’s opening “table” – is over, I’m closing up shop early after having banked a rather uninspiring week of gains. 

Yet one step forward is always better than two steps back, and soon it will be time to once again press the action and enter light speed … or as Dark Helmet said in Spaceballs (great movie), “Ludicrous Speed”.

And so the slow summer capital ascent and consistency goal attainment as noted in the ticker to the right continues on.

Sometimes in steps, other times in leaps.

But in the big picture, forever forward.

Have a great weekend.