DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (5342)	11/11/1999 11:10:00 PM
From: shasta23	Read Replies (2) of 18137

HI ALAN! Follow this thread for a while but never posted. Also observe the rooms at ISPEC and think the Hard right edge trading room there is a very nice addition. I actually have a question because it's a problem i seem to have difficulty to overcome and i was wondering if you or others had experience with this kind of "mental block". I have to admit that i missed most of the move in the last weeks because in the beginning i thought it was just another swing up, then feared how the market would react to earnings from high profile high tech companies and this week especially because i thought the market was so overbought that i would just buy at the top. But instead of pulling back it just kept on going giving me even a stronger feeling of paying the highest possible price and being late for the party. The same happens also on the way down when i think it can't get any lower and then it still continues. I underestimate the power of a trend and don't trust it and can't hop on board when it would be easier to make good gains. Both of these occasions lead to a high feeling of frustration due the loss of opportunity. Instead i seem to make most my gains in consolidation areas where my premature profit taking is the correct approach. But i'd like to profit more from the trends that are presented and that would also allow me more to do some position trading which i like. The last weeks i took more a daytrading approach without being real experienced and therefore good at it. It seems to be clearly a mental problem not being able to trust the trend and don't really know if there are tools that could help? I don't know if i could make myself clear. The whole subject is unclear to me and it's still working in me. Any suggestions? Thanks in advance!! STefan

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