Such moves happen quite often. This is why i am always skeptical all kinds of technical or fundamental analysis. They really have nothing to do with the reality, what they do is give us a subjective reason why we should take that specific trade. nothing more, nothing less.
if anyone has a different opinion, good. i am not here to prove anything to anyone, just saying a few words from my experience.
long ago, i have come to a conclusion: to remain in this game, player needs an intangible asset, called skill, most part of which consists of the "feel", "intuition", "sense" and honestly, this really has nothing much to do with "rational" "analysis". when we spend countless hours staring at the chart and take a mental note of what we have been witnessing, usual and unusual events, we start building something called skill; feeling what might be coming up and be prepared to it.
when Geppy said he went long the other day, i immediately knew that the entry was great for something that has been cooking, but i could not get out of my shorts because i already had built a good sized positions, which of most i did lose. now looking back, i see that those entries were immature and i had strong belief that we were going down. even though, later i realized that market condition has changed, i could not find mental strength to dump the losers and reverse the trade. but then somewhere of my mind i had that voice "what if i was right about the down trend? what if starts coming down soon?"
i am writing this because i think many might have about the same experience and there is always a room to learn from our mistakes.
if you are one of those who did not have luck this week, probably time to sit back and watch the market until come up with next trade plan.
the game goes on.
if anyone has a different opinion, good. i am not here to prove anything to anyone, just saying a few words from my experience.
long ago, i have come to a conclusion: to remain in this game, player needs an intangible asset, called skill, most part of which consists of the "feel", "intuition", "sense" and honestly, this really has nothing much to do with "rational" "analysis". when we spend countless hours staring at the chart and take a mental note of what we have been witnessing, usual and unusual events, we start building something called skill; feeling what might be coming up and be prepared to it.
when Geppy said he went long the other day, i immediately knew that the entry was great for something that has been cooking, but i could not get out of my shorts because i already had built a good sized positions, which of most i did lose. now looking back, i see that those entries were immature and i had strong belief that we were going down. even though, later i realized that market condition has changed, i could not find mental strength to dump the losers and reverse the trade. but then somewhere of my mind i had that voice "what if i was right about the down trend? what if starts coming down soon?"
i am writing this because i think many might have about the same experience and there is always a room to learn from our mistakes.
if you are one of those who did not have luck this week, probably time to sit back and watch the market until come up with next trade plan.
the game goes on.
As Above, So Below
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