Observation: Going through this afternoon's scan results I've noticed a plethora of promising trading opportunities. I've really had to restrain myself from starting a few more trades. Many of these trades were on higher priced stocks that we would have used cfds. There were a few at low prices as well. There are a lot of stocks sneaking higher while the index flounders along in it's range. Do we start more because we've got the cash?
Is this feeling "the fear of missing out", greed or urgency due to a self imposed target. It could be all of them.
Our portfolio contains a few trades that have gone nowhere (ALQ, SSM, JIN) and a few going up very slowly (CAJ, EPD, MAH). The new setups appear more promising. New setups always appear more promising than the ones you're holding.
The real issue is risk. How much are we comfortable risking in these market conditions? Even though all these current setups make me feel bullish, the market generally is stuck in a range and has been for months. I been monitoring my portfolio heat for years and I know what my comfort levels are in all market conditions. It would be easy for me to start a few more and push my risk tolerance a little, but if the market goes down violently for any reason I'd be rushing for the exits like everybody and there'd be no buyers!
There are plenty of trading opportunities now. There will be plenty of opportunities next week and in the future. Don't let your emotions make you ignore your risk management or modify your trade management.