I always buy at the top!
- Thread starter bat1
- Start date
can you call out your plays?
No two traders here on ET trade a like, I kinda dout that would do much good.
I noticed I did this when I had the balance to day trade. I always bought at resistance levels. I could buy randomly and it becomes a resistance level 10 out of 10 times. I could even short randomly and it becomes a support level! I am just that kind of person.
I am always watching the bid/ask order flow and I am wondering what I am locking on to subconsciously that would make me buy the worst price level. Maybe it's the price moving up and down at a higher frequency as it hits a resistance that excites me to jump in, disregarding other indicators [thought, even when indicators say it's entry time, I never fail to hit resistance!]. I do not freaking know why this happens! I admit, I didn't have a rigorous entry/exit plan. Likely, just lack of discipline and stupidity that got me into trouble which I am now blaming on some subconscious signals the market is sending me.
I am always watching the bid/ask order flow and I am wondering what I am locking on to subconsciously that would make me buy the worst price level. Maybe it's the price moving up and down at a higher frequency as it hits a resistance that excites me to jump in, disregarding other indicators [thought, even when indicators say it's entry time, I never fail to hit resistance!]. I do not freaking know why this happens! I admit, I didn't have a rigorous entry/exit plan. Likely, just lack of discipline and stupidity that got me into trouble which I am now blaming on some subconscious signals the market is sending me.
The HFT's have a mind manipulation algo to make us buy at the top and sell at the bottom. We need to be extra careful! 