Chasing wealth

There is a trade I want to make but I would need to break away from my plan in order to get in now. This is where discipline is important. It is important to work the plan.

I thought I would be in the trade two weeks ago but the stock has moved up to a point where even if it stays at this price, it will still be a week or two before I can get in.

For information on the trade, you can go to my call selling blog.

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Temptation

Today there was a huge temptation to use some cash designated for another purpose to buy shares in the IPO of the Chicago Board Options Exchange. But cooler minds prevailed and the purchase did not happen.

Discipline is such an important part of investing and trading.

Happy Wealth Building!