Opinions from a stock market trader.
Disclaimer: The contents in this blog are purely for entertainment and educational purposes only. They are not investment advice. Use them at your own risk.
Wednesday, November 12, 2008
Don't Trade Against Yourself
Whenever you have doubts on taking a position, don't trade and move to the sideline. If your analysis telling you to go short, and the price actions generate doubts for you to take the trade, step aside, don't go long. The last thing you want to do is take a trade on the opposite side and trading against yourself. Most of the time when you take a opposite trade against yourself, you end up hoping it will work out, and the market never work with 'hope'.
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