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To: Lodi who wrote (761)12/18/2000 6:47:07 PM
From: EL KABONG!!!  Read Replies (1) | Respond to of 875
 
stuckinLodi,

Lodi, NJ perhaps? If so, been there, done that... Many, many years ago...

Reluctantly, I close out my positions for a decent gain(I made good coin today).
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So the question is how can I get my rhythm back in the middle of the day? Should I pretent it's like the open again and what was before was like yesterday? Or just sit on my hands? I sat, but it sure is damn frustrating


This reminds me of an old Wall Street saying.

"Bulls make money. Bears make money. Pigs get slaughtered!"

Be happy with what you got. You didn't lose capital. Tomorrow is another day and yet another play. Tomorrow, may you do as well or better than you did today.

Happy Holidays...

KJC



To: Lodi who wrote (761)12/19/2000 10:20:12 AM
From: Don Pueblo  Read Replies (1) | Respond to of 875
 
If the positions were opened with the intention of watching them, then you did the right thing. If the positions were opened with the intention of not watching them while you took off, then you did the right thing in hindsight.

In other words, don't change the reason you entered the trade after you entered it just because the circumstances of your life changed.

I have never found trades entered between 11 and 2 Eastern Time to be consistently more successful than trades entered before 11.

"Pretending" with money is not a good idea IMHO. <G>