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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (460)8/14/1997 9:55:00 PM
From: TATRADER   of 7396
 
Lzzrd, I am ready for a trader therapy session...I still have trouble with my emotions...If I would just follow my disciplines, I would be fine...But every time I get on a roll, it is like there is this power kick, and a little voice saying, "Trade Mark, you won't get hurt!"...Problem is that I listen to this voice, and make dum trades...O.K. enough song and dance...Did do a few things right today...
Took home nice profits in
1. APSG(2 points on this one)
2. MIND(1 point on this one)
3. VVUS (3 points on this one--shorted it a few days ago)

But now the darker side.....I had a pre-dermined entry into a potential slingshot on CLCP at 5.72...Only enter at that point, Mark, then you have momentum...It never touched that point...But I entered anyway....
Same with AUGI...Entry was to be at 8.05 to display follow-through...
But Mr. America goes in anyway....Robet was probably laughing at me as he sold me the rest of his shares...What I have learned is that rookie traders try to trade there way out when they have a string of losses...Pros pull back, don't trade, and analyze their mistakes....
So if I ever want to reach a Lizard level, I will refrain from trading tomorrow....But anyway, here a few for the watch list:

Expansion Breakout:
1. APSG(at 10.69---just left this one)
2. NOSH at 8.82
3. SCVL at 11.85

1,2,3,4
1. AIX at 9.60
2. BDE at 8.69
3. COBR at 8.50
4. CYBX at 14.05
5. PAM at 4.90

BOOMER
1. HAUL at 16.36
2. FAUL at 13.15

Heading for the showers.....Throw me the towel Robet, I will live to trade again....Mark

P.S. "Mark, why didn't you sell AUGI and CLCP...I bet your pride didn't let you do it right....So are you going to let a small loss become a big one! Or are you going to be a trader and cut your losses"...

Lizard, I don't know what voice to listen to anymore....Now I am starting to talk to myself....
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