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

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To: chris- who wrote (786)10/25/2001 5:49:53 PM
From: Pierre  Read Replies (2) of 867
 
The main point I wanted to get across was that had I kept my QQQ short, I would have been focused on the losing trade, probably too much, that I would have failed to ride any of the uptrending JBE setups, thus making what would be a profitable day on the long side, a frustrating day as I continued to own a losing position

Chris, thanks for that. Don't know how many times I've sweated a losing position and ignored other entries that signalled during the course of the day because my mind set went negative. It's even worse when, as you pointed out, your losing position is counter to the trades being signaled. Hard to go long when you exspend so much mental energy hoping short - and vice versa.

Pierre
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