Wednesday, February 6, 2008

What I learned today

It hit me later on in the day why I'm giving back gains that I worked so hard to make. I'M NOT MAKING IT HONESTLY.

Honestly would equate to effort and time to make the position work. I am horribly impatient which is costing me too much money. Additionally, it is the concept of gambling, an admittedly hard word to define.

All I can say about the subject is if you have no confidence in your decision and not willing to see it out to the end then you are gambling saying "what the hell, if I dont get it this time around I'll hit hard the next time." That is not a championship mentality and has no room on the trading floor.

This occured to me looking over my notes on stockcharts which are tremendously accurate but has taken 30days to transpire. So in conclusion,

Patience.

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