Good morning! I guess your posts refer to me, at least partially. Although, it seems I may not have been the only one by the fact that it got awefully quiet here in the afternoon...
I will need the long weekend to recover. What got me was the fact that the downtrend wasn't very convincing, just slowly chopping down like that... But, after 3 years, I should have realized what was happening - I've seen it a lot of times...
Key take-aways for me though... I had doubts in the morning about my mental state and ability to trade yesterday. I brushed those aside. I also had my bias in the morning, and I brushed that aside as well... Seems like I got what I deserved. Ego bruised, a bit of a dent in the account.
Anyway.. sorry for rambling and being honest. Let me know if this isn't the right place...
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
It was a general meditation made aloud! Don't be worried.
I know it is not easy neither simple... we must have always faith in the force and energy of the market.
That's my point.
Objectivity. Accepting what is on the chart.
Joined Nov 2010
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Status: The bucking bronco and I.
|11,029 Posts
Do you (all) understand mathematics? Yes?
Now... I'm always ready to turn and to take 430 points in the other direction. Summing that all!
Averaging down is a logic mistake. And to me, with my mindset and moral, also an ethic mistake!
Rule and mindset: You must NEVER be caught on the wrong side of a term trend. NEVER.
All the rest are bullshit or cow dung!
It works? I don't care... I don't judge by the bottom line.