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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (82835)9/25/2003 2:07:13 PM
From: marginmike  Read Replies (1) of 209892
 
"2) If we sell too late, even though we made money, we'll feel angry
at not having sold at the top. "Damn, I should have sold earlier.""

In early 2000 I sold 70,000 shares of Qcom for an average price of arround 140, I owned the stock off and on for 3 years. My cost basis was arround 3-4. I literally had post tramatic stress for a year because I was so mad for not selling at the top, or for not selling at a better price. I got back in got out after my original sale gave a few hundred g's back for my phsophrenia. If one is a perfectionist its tough to accept that you didnt get things perfectly. Youve seen me freak out on a personal level when I missed major inflection points(as I think we are in now). Its almost impossible not to react when you watch an entry exit go wrong. I am still pissed I didnt buy CREE at 17 three days ago, but I have learned to accept that opportunities are always there, and to stay in the trading game discipline is key. Today I had urges to buy all day, but refrained because I have no roadmap here. I need a plan, or all we are is making emotional decisions, and we will fail. I think the mastering of trading is removing the emotion from the experience. A tough task to say the least
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