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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 12 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (46715)	4/16/2000 4:33:00 PM
From: Michael Watkins	Read Replies (2) of 99985

Joel, I'm sure if you were to take a random sample across all the threads on SI you'd find very few people accepting losses as their own responsibility. What you will undoubtedly find is a lot of "they did it to me" type comments. ... As a reminder of my own naivete, I have a chart on my wall showing where I over-committed capital to one company. It started to drop. I bought more. Dropped more. Bought more. Rallied a bit and then I bought a TON more. Bottom line, it of course dropped like a rock soon after. I knew I was ready for this game right then and there, as I blamed myself for being stoo-pid. I was uninformed, or worse, partially informed but didn't follow the rules I thought at the time I had sworn to follow. Never made that mistake again :)

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