Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who wrote (97)	10/22/2000 3:54:40 PM
From: Steve Felix	Read Replies (1) of 867

Threei, I thought it was a great post. I appear to be in the mid stage. Sometimes I act when I "know", even though the chart doesn't exude confidence yet. I think it becomes a matter of trusting yourself, which takes time. Sometimes I talk myself out of acting with excuses about breaking my own rules, risk/reward just not there, etc. Majority of the time I am sorry later that I did not act. The market has a way of making me hesitate. I will know and act, be stopped out with a small loss and think I did something wrong. The next three times I "know" I will just watch. Drats!! Of course the next time I act it will cost me. I will be much further ahead when I learn to fully trust myself. Actually, when I "know" the spread between my buy price and where I want to put my stop is usually much smaller. In essence it is less risky.

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