Last Week Great for the Bears... Quick Reminder... Check yourself if you are Felling Over Confident

First I just want to say there was a lot of opportunity for profits last week. If you were able to cash in on some big trades, good for you. At the same time though, just make sure you check your ego. If you begin to have any notions that you are god's gift to the trading world, I would suggest you drop that arrogance before you lose all the profits you just made. You still need to prepare, you need to continue to have a trading plan before every day that you trade. If you have a little success, don't increase the size of your positions in a greedy attempt to reap greater profits. Don't increase your position size until you have had continued success in every type of trading market (trending bullish, trending bearish, range-bound, volatile and slow moving. Remain patient and don't chase trades. I only post this message as a reminder, because we often forget these simple rules.