MURICO.com Forum

Re: Spike, we seem to be seeing----

similar possibilities. That's probably because we both depend on The Lines to tell us what to do. The courageous bug bit me when I put this trade on because it took courage for me to make a choice at mid range. I generally abstain from that. Now that I've been sitting on this for six days and I haven't seen anything that tells me I'm right or wrong, the anxiety was setting in yesterday.

My fear of damage from the H&P report got the best of me today, so I banked my profit @ 70.20. I'm expecting the potential support at 68.50 to get tested and I didn't want to put myself in a position to take a big loss if 68.50 is taken out. I don't mind a loss in day one or two of a trade but after 4-5 days and I'm still holding and end up with a loss, I usually realize the market was telling me I was wrong on day 4-5 that it was getting ready to pick my pockets. That's usually what I see when I look in the mirror after a loss.

So I had no other choice but to deposit what I had. I'm happy with a $1.20 profit and the anxiety is gone, no anxiety is worth a lot. I can still get long without giving up too much, when the market tells me it has made choice to go higher.

Messages In This Thread

Spike, I wanted to respond----
Re: Spike, I wanted to respond---- *PIC*
Re: Spike, we seem to be seeing----
Re: Spike, we seem to be seeing----