One good thing about limiting myself to 1 trade a week until my account is bigger, is that I must be picky about my picks. I had planned on trading $GIG today if the pattern held and was aiming for an 8% to 10% gains target.
I decided to wait for the morning bounce in hopes of getting a better entry price to increase the chances for a better % gain.
But the opening was ugly and the trend changed directions so I stayed out and will look for a stock to play tomorrow.
I can't remember where I heard it... possibly from one of Tim's YouTube videos, but it basically stated that sometimes the best trade is no trade. Since every time you put your money into the market you are taking on risks, you might as well wait until the trade is in your favor or at the very least the risk is at the lowest possible.