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


To: Moving Sphere who wrote (444)3/13/2001 7:38:24 PM
From: Threei  Read Replies (1) | Respond to of 867
 
Ways of our ego are amazing. It really finds every possible crack to sneak in. Here is today's discovery:
In the morning I am watching BEAS for entry on pullback. Pullback is great but I am missing long entry under 31. Not chasing, stock is topping out at 33 5/16, after some congestion it's losing 32 3/4 where I short it. Up to this moment everything looks fine: reversal at the bottom is missed, top is marked and proved so short is justified. But starting from this moment and till the day end I was not looking at BEAS as long anymore, in spite absolutely clear uptrend. Trading skills were good enough to not short it anymore but still, refrained from long entries, both on pullbacks and breakouts. Looking at its chart, can't see any other explanation than ego that blocked one side completely.
And I was so sure any stock movement was just numbers blinking for me... :)

Vadym