Another lesson that men staring at charts need not always get too wrapped up in what they are staring at. I like to put up this type of post once in a while because we are all learning, all the time. You, me and even the guru next door.
It’s no great shakes on a bottom feed position that is only slightly profitable. But had I taken the letter of the law (if the law is sell a close and continued drop below the SMA 50) I would not have enjoyed today’s recovery on earnings for Vertex.
Often times I keep it strict and end up the better for the risk management. Other times I’d have over-thought myself right out of a winning position due to that same risk management ethic. The markets are a funny thing and the psychological element cannot really be taught. You must get to know yourself, Grasshopper.
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