Not really, I just said that so you'd click on the thread, but let me explain 
.
Ever since the Dow hit 11k, I keep saying to myself, "OK we're near a top, we're near a top..." and because of this gut feeling it has made me more and more reluctant to WANT to go long .
I know that:
1. I should trade what I see, not what I think
2. I should be buying as long as the market is bullish
3. Fear leads to lost/ missed profits
4. Don't short strong bull markets.
but then I say..
Response to #1 . Yes, but I can't help if all my years of experience (gut feelings) leads me to think a market has topped, especially if TA supports the opinion. Second I would feel pretty stupid if A) I was one of the few suckers who bought a market top, and B) That I should've listened to my gut feelings, but some how got "emotional" in thinking that "well maybe the markets not done moving after all" and then get stuck in a reversal, and feeling like a stupid noob.
Response to #2. This is general advice, and not worth much more than the 2 cents of whoever spoke these words. Yes I should trade with the trend, but I don't want to chase the trend either.
Response to #3. I agree, but it also saves you money when you're feelings turn out to be correct, and protecting the $ you have is ultimately more important than making more.
Response to #4. And this is why my mind is so divided I don't want to go short because we're still in a rather strong bull market, however at the same time, I feel we're near resistance, but yet feel, as long as the markets going up, I should be long.
A lot of contradicting feelings to say the least. And I say that to say this...
In the attempt to remain disiplined, and steadfast/ free of amature emotions, am I actually somehow subconsciously doing more harm than good to myself?
kon
. Ever since the Dow hit 11k, I keep saying to myself, "OK we're near a top, we're near a top..." and because of this gut feeling it has made me more and more reluctant to WANT to go long .
I know that:
1. I should trade what I see, not what I think
2. I should be buying as long as the market is bullish
3. Fear leads to lost/ missed profits
4. Don't short strong bull markets.
but then I say..
Response to #1 . Yes, but I can't help if all my years of experience (gut feelings) leads me to think a market has topped, especially if TA supports the opinion. Second I would feel pretty stupid if A) I was one of the few suckers who bought a market top, and B) That I should've listened to my gut feelings, but some how got "emotional" in thinking that "well maybe the markets not done moving after all" and then get stuck in a reversal, and feeling like a stupid noob.
Response to #2. This is general advice, and not worth much more than the 2 cents of whoever spoke these words. Yes I should trade with the trend, but I don't want to chase the trend either.
Response to #3. I agree, but it also saves you money when you're feelings turn out to be correct, and protecting the $ you have is ultimately more important than making more.
Response to #4. And this is why my mind is so divided I don't want to go short because we're still in a rather strong bull market, however at the same time, I feel we're near resistance, but yet feel, as long as the markets going up, I should be long.
A lot of contradicting feelings to say the least. And I say that to say this...
In the attempt to remain disiplined, and steadfast/ free of amature emotions, am I actually somehow subconsciously doing more harm than good to myself?
kon
and follow the advice of reply #1... Trade what you see not what you think.