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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Denney who wrote (293)	1/20/2001 1:36:31 PM
From: chris-	Read Replies (1) \| Respond to of 867

generally it will not help to question your last trade while making your next one. Bruce, I understand where this statement comes from, don't second guess yourself once the trade is done. For me it goes in line with learning to trust yourself. Afterall, if you can't trust yourself in the trade, who can you trust? I do think that questioning the trade from the viewpoint of learning to get better is still viable as I do so in my journal on a daily basis (I admit I skip some days <g>). I often review the trade just from mental thought process of who I was at the point of the trade...in a winning streak, losing streak, ego inflated,deflated,etc. However, I also watch the stock I just exited to continue my experience. I exited at this point, but here is what it did from here noting the action on the stock as it continues in the direction I wanted it to go or makes the retracement into the stop area. This way I can develop more of my tape reading skills during each trade, and in many cases, learn that where I once would have exited, maybe now I'm not so quick to take the fast profit. (never ending learning process) Your thoughts? Respectfully, Chris