trader hallucinations

abraham maslow said

"if all you have is a hammer, everything looks like a nail"

in stock market

if continuation triangle is all you've got

every price formation will tend to be forming one.

if rsi is what you've worked hard at

every dot on the paper seems like a failure swing point.

--

how many times does it happen

that we try to force see a price pattern

which is "not there"!

how many times does it happen

that we jump to a conclusion

or decode "what the pattern is trying to tell us"

only to be left looking like a fool!

we see what is not there.

we see what we want to see

we want to see what we know.

we don't want to see what we don't recognize!

--

in the words of livermore

"it is never wise for a speculator to fit his facts to his theories."

instead of fitting the facts to theories

or extracting new theories out of facts

it is better to ask just one thing

whether the undercurrent is

up or down or sideways?

if it is sideways

remain on the sidelines.

otherwise, go with the flow.

--

in the words of livermore

".......determine the speculative line of least resistance.....
prices, like everything else, move along the line of least resistance. they will do whatever comes easiest, therefore they will go up if
there is less resistance to an advance than to a decline; and
vice versa."