Very insightful comments on the psychology of the trader! Everything you say here I know to be true, but it's good to hear it again, and from someone else (other than little voices in my head). How long you been trading?
Do you simply react to the action day by day or do you develop 'scenarios', ie preconception or bias before the day unfolds?
I thought before you said don't have a bias just go with the action, but now you say "i will be watching..i expect.."??
I didn't get a damn thing off the open was anxious to bank , 1/2 hour later i saw my chance. i bought the retracement. and the next. next. and next :( what a crock
EDIT: needless to say i bought as it dropped
I mean the bottom for today?
One hellava "selloff" wouldn't you say? hardly retraced at all while going down. The behavior of this market today is not normal action. This is not a "normal" selloff. Something else afoot here.
Wouldn't you say?
I have a different perspective..I expect to be wrong on every trade.. How could I possibly jump in the middle of all this and be right? Who the hell am I? I'm amazed that most of the time I AM RIGHT. :)