Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Haferman who wrote (10811)	11/30/1999 4:49:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

We are human, emotions never leave the picture. We can only seek to reduce their effects. Don't ever dwell on missed profits, as long as you were following a pre-determined system or plan. No one gets in at the low and out on the high. No system produces only winners. One caution is that many wins are a function of the stock selected rather than the system. That is why system tests are important, would the same settings give simliar results for other stocks? If you want to look back at decisions, look at losses rather than wins.

To: Jeff Haferman who wrote (10811)	12/4/1999 9:56:00 PM
From: bdog	Respond to of 12039

Jeff, "I thought TA was supposed to take the emotion out of trading? :)" ya, even when you have an exit pre-planned, (which I recommend) emotion can loosen the screws on that stop loss... for me, taking profits is easier than letting them run or taking a loss... looking at downside risk vs upside target prior to entry helps me evaluate whether to take on the trade and also formulate a plan and stick to it... the less concrete the plan the more prone I am to emotional trading bdog