when u r in profit, and still reasonably sure about market's / operators' ultimate intentions
it is still not a bad idea to drop some load on the way if you "feel" like doing so
resulting in following benefits
- it saves/locks profit so far
- gives u confidence to go further (quite far) with remaining lots
- gives u golden opportunity to re-enter at lower levels if market plays volatility, thus milking it more
- saves u from the humiliation of looking a fool which operators hate to make you all the time, thus saving ur most precious asset, called self-confidence, which if lost, results in every other loss.
operators sole aim is to off-load as many leech traders from their direction of the trade as possible
u need lot of resilience to be able to fight those monsters especially when ur resources are laughable when compared to their's
no point in playing against them with a rigid mind.
as jesse livermore had said
"selling down to the sleeping point"
--
it is still not a bad idea to drop some load on the way if you "feel" like doing so
resulting in following benefits
- it saves/locks profit so far
- gives u confidence to go further (quite far) with remaining lots
- gives u golden opportunity to re-enter at lower levels if market plays volatility, thus milking it more
- saves u from the humiliation of looking a fool which operators hate to make you all the time, thus saving ur most precious asset, called self-confidence, which if lost, results in every other loss.
operators sole aim is to off-load as many leech traders from their direction of the trade as possible
u need lot of resilience to be able to fight those monsters especially when ur resources are laughable when compared to their's
no point in playing against them with a rigid mind.
as jesse livermore had said
"selling down to the sleeping point"
--
one of favorite movies is "terminator 2"
but my heart goes out less to the hero (arnold) and more to the terminator (liquid metal, shapeshifting - Patrick)
the way the terminator refuses to leave his targets despite the ruthless arnold, is a treat to watch
the sheer resilience, determination, dogmatic unending chase of the terminator is tremendously confidence boosting
in stock trading, one has to be like that "villain", one has to be like a terminator
even when the operator "innocent" arnold is out there to stop you, get u off the target "profit", even when he melts you down, blasts u to pieces, it is u who should be saying "hasta la vista", keep trickling back, keep joining ur drops, keep rising
even if some or many drops of u are left behind, gather whatever of you is still at hand, just be a leech and keep getting on board, keep chasing!
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