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

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To: chris- who wrote (792)10/25/2001 7:02:57 PM
From: Pierre  Read Replies (1) of 867
 
CRUS was a prime example of this. In all honestly, I am laughing, but there is still that little irritation, like an itch in my side, seeing a trade that goes how you see it should, but you can't find a familiar entry setup to make you pull the trigger. I'm not one to "just buy cuz it's going higher" so I sit.

Had to smile when I read that. My cross is QCOM. Since it only dropped to 38, and refused to reach my projected low of 36, I stayed on the sidelines. That was a couple of weeks and 18 points ago. Yea, I'm smiling - but I'm kickin' myself too. And once again, spending too much time beating myself up over that lost opportunity.

Before you think I'm in a "misery loves company" state of mind, let me assure you it's quite the contrary. Human nature is a tough thing to buck, but it has to be done in this business. Knowing that these "mistakes" are made by others too, and are not mine alone due to some perversity of my make up, makes it easier for me to put it aside and get on with trading.

Thanks.

Pierre
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