One for Nav
#1
Posted 06 August 2007 - 01:57 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 06 August 2007 - 02:11 PM
Nav,
I remember the other day you muffed one so I thought I'd share my screw up...
Well, we got a long set up (that I actually saw) so I bought and we got long at 144500, target 145600. Then the trend got a little iffy, but turned back strong, and then we got overbought. I made the mistake of looking at a 1 minute chart, and that was just enough to throw me off and I blew them out at 145075 like some rank amateur.
Note to self: once in a position, especially a prudent, well considered position, put your stop and target in and leave or at least move to an hourly chart.
Sure, any 5+ point profit is nice but I left way too much on the table. The one minute chart is the enemy!
Mark