Postmortem 17-Jan-2007
January 18, 2007 – 9:38 amI have only made one trade today, after watching market till lunch hour, I decided to call it a day. No fun. It was a choppy morning. Yep, I got stopped out. In fact, that was a low probability entry. Setup was formed within a trading range. A better entry would be waiting for NQ breaking out from the range. But well, I was struggling between “higher lows” vs “trading range”…..It, in fact, looks stupid. Maybe I was just finding excuse to trade.
I will be extra cautious and patience, since it is options expiration week.
I did not have a valid entry for the afternoon sell off, so nothing was missed.
From the desk of Tradergav.com
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Tags: Trading Psychology
Sometimes we get tempted to buy stocks feeling at it as a low hanging fruit but it is not
Dont get sucked into it. Do thorough research !!