Reply to thread

Message

Hope this is the right place, but I'm in the mood for a dump on trading psychology. Might be a welcome break from all that boring chat about statistics. I really struggle with the extremes of trading and the up side extreme is just as challenging for me. On Monday of this week I entered a long position on ONE with an entry price of around $0.17. Nothing special was just another one of my system buys for the day. ONE has had a massive jump in the past few days and as of a few minutes ago it was trading at around $0.40 so I'm at around 130% up. I'm seriously tempted to override my system and sell before close today--I've never gotten used to massive rises in a short timeframe and my experience tells me such rises come back to earth just as quickly. Bird in the hand and all that stuff.

[QUOTE="MovingAverage, post: 1115139, member: 33203"] Hope this is the right place, but I'm in the mood for a dump on trading psychology. Might be a welcome break from all that boring chat about statistics. I really struggle with the extremes of trading and the up side extreme is just as challenging for me. On Monday of this week I entered a long position on ONE with an entry price of around $0.17. Nothing special was just another one of my system buys for the day. ONE has had a massive jump in the past few days and as of a few minutes ago it was trading at around $0.40 so I'm at around 130% up. I'm seriously tempted to override my system and sell before close today--I've never gotten used to massive rises in a short timeframe and my experience tells me such rises come back to earth just as quickly. Bird in the hand and all that stuff. [/QUOTE]

Verification