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


To: chris- who wrote (300)1/20/2001 9:21:29 PM
From: Moving Sphere  Read Replies (3) | Respond to of 867
 
>>"and in many cases, learn that where I once would have exited, maybe now I'm not so quick to take the fast profit."<<

Unfortunately, each trade is unique doesn't necessary follow the previous pattern. There is a risk that you would get too much inconsistent data from looking back at your trade that you may start to doubt yourself. This is the risk I would not want to take.

Trading already take a lot from us emotionally and psychologically; therefore, I prefer to leave behind hindsight of the trade I made. Again, if you want to test the how TA or tape reading would work in certain condition, I suggest using historical data.

p.s. However, evaluating my own emotional context during the trade is another matter entirely. I would put more effort in understanding myself.. why I reacted certain way... was it too much fear on my part? was it too much greed? was I being affected by my previous successful trade? or previous unsuccessful trade? These are the psychological and emotional context I would review after my trade is completed.

Cheers!