“Gap and Bear Trap” day #2, as the S&P closed at all-time highs, and
Charts with Commentary 4-1-14 – $X $AMZN $SPY
Honey I Shrunk The Investment Account
While there are the perfect traders who seemingly never have a losing trade, for us mere mortals, there are times when every single trade we make goes the wrong way. Even worse, we fail to accept that the trade is going against us. We cling to the notion that the trade will perform a stunning and miraculous 360 degree reversal to head exactly where we thought it would when we opened the position. Instead of suffering minor losses by exiting the position, we watch every tick, focusing our telepathic powers on moving the stock they way "it was supposed to move". Rest assured money moves stocks, not telepathy.
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