hope you guys appreciate why I posted those candle zoom charts
in the morning. Times like this you have to drill down and focus on
the candles like that
Matt - I aint going to lie. I was sweating this am with
the free fall waiting for the market to catch a bid. Best
thing I did was walk away from the screen and walk the dogs.
Trust my work and know my defined risk. Days like
these so important to have a trading plan and stay the
course.
Ssaffer, I so agree with this... Matt and Steve said it would be
best for a gap down and recovery for a possible rebound so I hung
in there and walked away too. I'm glad I did; having a trading plan
from the beginning is a must... in trading nothing good ever comes
from panic...
Hoping this is a short term capitulation day and we get a decent
rebound!
Panic - You are operating in primordial brain (flight and
fright). Your decisions will be emotional and not rational.
I always try to keep this formula in my head when faced with
a big decision. I/E. I(Intellect)/ E (emotion).
So I always check in with this formula to see if I am
overweight Intellect or else I am in an emotional mind and that
could prove to be a bad decision.
hope you guys appreciate why
SPX 2hr, 60 min, 15 min candle focus
Posted by matt on 27th of Feb 2020 at 11:51 am
hope you guys appreciate why I posted those candle zoom charts in the morning. Times like this you have to drill down and focus on the candles like that
Matt - I aint going
Posted by ssaffer on 27th of Feb 2020 at 12:27 pm
Matt - I aint going to lie. I was sweating this am with the free fall waiting for the market to catch a bid. Best thing I did was walk away from the screen and walk the dogs. Trust my work and know my defined risk. Days like these so important to have a trading plan and stay the course.
Ssaffer, I so agree with
Posted by cozz101 on 27th of Feb 2020 at 01:00 pm
Ssaffer, I so agree with this... Matt and Steve said it would be best for a gap down and recovery for a possible rebound so I hung in there and walked away too. I'm glad I did; having a trading plan from the beginning is a must... in trading nothing good ever comes from panic...
Hoping this is a short term capitulation day and we get a decent rebound!
Panic - You are operating
Posted by ssaffer on 27th of Feb 2020 at 01:17 pm
Panic - You are operating in primordial brain (flight and fright). Your decisions will be emotional and not rational. I always try to keep this formula in my head when faced with a big decision. I/E. I(Intellect)/ E (emotion). So I always check in with this formula to see if I am overweight Intellect or else I am in an emotional mind and that could prove to be a bad decision.
Fear and Greed kills ....
Posted by mla127 on 27th of Feb 2020 at 12:32 pm
Fear and Greed kills .... it kills your P&L ... lol