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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.64

+1.9%

Feb 6 4:00 PM EST

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To: Techie who wrote (9269)	11/12/1996 4:23:00 PM
From: Autumn Henry	of 70587

Yes, Techie, re: MOT.....I know it is an investor stock (think my mother still has it) but it sure would be a hard bite to accept if you were an investor today at a recent high and you could have bought it next few days points lower on a big order.........part of the business.... Hey, I just discovered a "traders sickness"....something I plan on eradicating to the best of my ability at every opportunity and it goes like this.....hope you don't have any of the symptoms...don't think there is anything yet but a mental innoculation...... Per any trade that is successful (that made money)...thoughts that can come up (the "sickness")...I found myself playing this mental illness game with myself today regarding my purchase of MU last Friday aft.......and selling today..... l. I should have bought more shares at first. 2. I should have bought more shares as it went up. 3. I should have gotten in lower. 4. I should have gotten out higher. 5. I knew it was going to go down (had dream instructions on how to play this one) I should have acted on my dream and shorted after I got out and made much more.. If I had lost money..... l. I should have bought less shares. 2. I should have waited before I bought cause now I see... 3.I should have scaled out. 4. I should have sold at less loss. 5. I should have reversed my position. ad nauseum...... but now that I know what will make a "perfect trade" I'm sure I'll just do that from now on..:)..I told my husband this is a type of illness that I won't continue to keep.....it serves no purpose that I know of....it looks like "healthy learning and self-correction" and maybe it it but is usually comes in the form of a club.......I also said that this is not the type of "business" to be in if you like "perfection"...like an engineer might (with all those angles going together perfectly) or an accountant (2 plus 2 always makes 4-----sometimes not in my checkbook....but I get very close....) Looking for the perfect trade.....perfect wave (as Jim has pointed out) but I think I am going to enjoy the imperfect rides and to consciously attempt to correct my thinking and use what is valuable (will improve my trading/excelling) and let go of the "habits" that only serve to beat me or hold me back.....My coach says he spends a great deal of time working with traders and their "beatings" seems a much too common ailment... Yes, I look in that mirror you offered me and see a beautiful budding excelling trader that I want to nurture to her full potential versus spend my time crushing her with "not good enough" mentalities.... So, on another note.....I think this "reaction" is bigger than an unfounded rumor.....you do too? Bit o' whiplash factor..... Autumn

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