"A man is not finished when he is defeated. He is finished when he quits."

Tuesday, April 10, 2012

Another bite at the apple. Long again



Am I revenge trading? Not sure, it doesn't feel that way. I just believe that what moves in one direction must also move the other way eventually. It's all about timing... on all three stopouts so far, I have been very close to a momo change. It's just that when movement is all in one direction during a day, those reversal moves turn out to be small pullbacks lacking commitment by buyers (in this case of a dropping market).

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