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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (10064)	10/26/2000 9:04:13 PM
From: Jill	Read Replies (3) \| Respond to of 65232

I know the feeling...why one sells at such a moment and I've tried to analyze it a bit--the impulse anyway-- It's the sudden "hand of fate", the market coming in and acting upon you and you feel out of control. by the way this occurs in either direction, either euphoria or depression/anger (depending on direction). When on a crazy upswing you feel the mania, which spirals out of control, and people then buy on margin, for instance. When it starts falling, it feels "unbearable"--the lack of control, and you want to pay any cost necessary to stop it--to regain some sense of being master of your fate, in this case finances. Actions taken then are not rational--and sometimes they are even "vengeful" as one tries to "get back" at the market. That's when you need to reassess why you got into a position and what your long term goals are. Plus as Volty says you begin from this day forward: here's what I have now, today. You can't take vengeance on the past. That's how the market makes bottoms, capitulation, because people can't stand that feeling of being acted upon so viciously, so intensely. But the fact is it always turns (in both directions). So now you know, you may need to work a bit on your emotions. So does everybody--that's how they learn. Anybody on here who is giving sage advice is giving it from personal experience--having faced their own margin calls or lost $ in the past.