You'd think I'd learned by now
My emotions suck. Despite all of my ranting about taking time, being patient, waiting for the right opportunity, I jump back in on a couple of stocks from my screens that seem to be bucking the trend. They both shot ahead over 5% in the early going as the market itself looked like it was going to have a pretty good day.
They held up when things very quickly went south. I'm a genius in ANY market I told myself. I then watched them plummet.
The day is far from over, but I wish that I would have taken my own advice and quit being so desperate to recover a little loss. I know better.
1 comment:
Do you really judge your trading by what happens within a few hours of putting on a trade? Reread Faith's section on outcome bias in his book.
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