my experience to hold on stubbornly for a target at the end of day to carry into the next day-----does not have better than 50/50 outcome in my favor. I don't care for 50/50 odds so I made my second deposit @ 57.95 to add nearly $500 to my bank account growth. Completely acceptable considering I also had a 50/50 chance of getting stopped out with no profit on the second position. I know $500 is peanuts or pocket change for many traders but I have to look at it realistically based on my goals for a prudent, controlled and steadily rising bank account balance.

I have on average 20 potential fishing days each month. On average I only get to fish 15 of those days, due to other responsibilities trumping my desires. Five of those days tend get interference from my distraction in another market, lack of focus, failure to do my homework the night before, or just plain failure on my part to wake up and get my fishing gear ready. My point, I can usually count on 10 days of fishing where I actually catch something. The mechanics for my catches are centered around a reliable 80/20 profit factor, IF I follow my mechanical guidelines or don't go Brain Dead and ignore the Prime Directive. Not counting the Big Ones I catch once in awhile. I can usually expect to be gifted with 8 out of 10 profitable fishing days in an average month. The Prime Directive forces me to risk no more than 40-50 cents on each side. So I can usually count on $400-$800 of losses from my fishing trips each month, when I stick to my fishing guidelines. My 8 profitable days of fishing each month tend to bring in $200(for suckers) to $600 for an average size catch. Whenever I can deposit $400 or more for a days fishing, I can go home feeling good for my efforts in a low risk, low level of anxiety experience. A far sight better than the many trips to the woodshed I've experienced.

My Fishing Guide for Rules of Engagement, is not a get RICH QUICK strategy(I don't believe there is such a thing) even if there is, I'm not interested because my motivation comes from the process, not the money. Profits are only important as a guide to tell me I'm working the process CORRECTLY. If I can continue to haul in a low risk 3-4k basket of fish each month for the next 10 years, that bank account will be considerably bigger than my 401K which could be subject to a 50% haircut at any time. When I catch those Big Ones, the size of that fish basket is worth the wait for catching the Big Ones.

I just now noticed that my 57.60 target did get the kiss I saw coming but lacked the patience to wait for it. Oh well, I'm still happy with my choices.