A trader puts X amount in a stock (buy).
The stock starts going down...
The following statements pop out of his/her mouth turn by turn
After 5 min : "It is just marginally down"
The stock starts falling.
After 9 min : "It is just bluffing"
the stock falls more.
After 12 min : "It is going to turn up"
the stock doesn't.it slips further.
After 14 min : "It will turn up"
it doesn't, is falling...
After 19 min : "Why is it not turning"
the stock doesn't listen...it keeps falling
After 23 min : "When will it turn up"
no reply...falls more
After 28 min : "It is too much down now. I can't book loss. I must wait till it turns up"
the stock's speed of fall slows
After 34 min : "It can't go down more now. It is going to bounce back any time now"
it doesn't....starts falling again.
After 41 min : "The loss is growing. What do I do?"
stock is teasing...still falling.
After 44 min : "I should have put stop loss"
stock is not impressed.
After 46 min : "I should not day trade"
After 52 min : "I will not day trade"
After 53 min : "I will not trade"
After 54 min : "This is not my fault. The market is behaving irrationally"
After 55 min : "Next time I am going to be more careful. If only this time it goes up. God...please!"
the stock slows its fall.
After 59 min : "Someone help me, what should i do now?"
After 63 min : "Nothing can be done. I should book loss."
After 64 min : "I will book loss the moment it goes up slightly"
The stock starts falling more..
After 74 min : "Why is it going down more?"
After 75 min : "I book loss"
The loss is booked.
...and the stock starts moving up!!!
Dying declaration of the "innocent" trader : "I should have gone with the trend. I should have shorted!"
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