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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.70

+0.7%

Jan 5 4:00 PM EST

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To: HairBall who wrote (80306)	7/16/2001 6:54:06 PM
From: eichler	of 99985

LG, Appreciate the feedback. Don't worry about me kicking myself too hard. Occasionally, a good swift kick can be a good thing...ggg Actually, my regret on that call is that I was too slow to acknowledge that it was mistaken. I do prefer to see how the daily candle shapes up, but I could have abandoned my position a few hours sooner I think. It was pretty clear much earlier that the rally was failing and I think it was having made the call itself that caused me to freeze up and wait a little bit longer, then a little bit longer...to see if the tide would turn back up (hope/wishful thinking = losing). The lesson once again is not to be so attached to "the call" and be more flexible. Overall, I think I'm on the right track; a little step back to appreciate the lesson, and make the necessary adjustments should do the trick. Thanks for the pep talk though... Regards, Eichler

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