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Re: ZenMan 111 post# 34220

Wednesday, 11/14/2018 3:53:47 PM

Wednesday, November 14, 2018 3:53:47 PM

Post# of 70338
Good post buddy! What you see a lot of times is people buying on quick spikes (causes emotional buying, "OMG, it's going to run!", LOL) - just to end up holding the bag, as the their buying into weakness and the strength (in this case) are happily selling to them. Nothing like holding the bags frown

Emotions, Hope, and Prayer have no place in the art of trading. Nothing like hearing people say, "please God let the price go up to break-even and I'll sell (never making the same mistake twice)). Yeah... That shows there is probably not a written trading plan and money management discipline.

Truth, hurts. But that's how people learn (hopefully). Keep all the successes and losses in a journal for reflection. The trading plan is a must...

Appreciate the reference in your post bud! Humbled. Have a safe and wonderful night!

$ACB remains in correction... patience is the key to longevity in this business.

Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.

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