Many of you appear to be making trading decisions based upon your emotions and what you want to see happen to a stock with very little regard for what is actually happening. I'm trying to get you to take a deep breath, stand back and look at the charts which are providing a clear indication of where the price is actually going to go. I sincerely hope that some of you will get out of your current state of denial and look objectively at your position and make some intelligent what if scenarios from which you can choose the best course of action for your situation. When I first came here it was because I was hearing great things about TYTN and I wanted to see about taking a position in this market. On the day I showed up, it was very obvious to me that a Key Reversal day was in the making. So, I took the time to point that out in case some of you had not noticed it. Now, I continue to watch this market because I agree with many of you that the prospects for this company look good but, what does not look good to me is the current high price of the stock and all the technical indicators screaming sell. So, I'm patiently waiting for what I believe is the optimal time to buy. You can choose to believe that or you can conjure up your own theory as to why I'm here.
It's interesting to me to see many of you making mistakes that I used to make before I made the decision to learn how to trade better. Contrary to popular belief, you don't just buy a stock that sounds good and then wake up one morning with a lot of money in your trading account. I once thought like that and EVERY single time that ever happened to me, if I did nothing and did not immediately and objectively study the technical indicators to determine if my position still made sense to hold on to, eventually I sat and watched that profit disappear. It made me mad that I didn't know what to do in the beginning so I learned what to do. Then it made me mad that I knew what to do and was not doing it. Today, I never get mad! I just take a position and then I watch that position and the market always tells me with a key reversal day or a double top or a rising wedge, or a diamond formation, or a head and shoulders formation or a divergent sell signal that it's time to take profits. So, I take profits and now I know how great that feels! I'm telling you that you do not have to ever worry about you position in a stock if you will only take the time to learn what to do given the current market situation. So, ask yourself this question. Am I now trading stocks as successfully as I want to be trading? If your answer is yes, then you don't need to read my posts or anyone else's posts, you already know what to do and you are doing it. If your answer is no, then I'm wondering how long it's going to be before you take steps to learn every thing you can about how to trade stocks successfully. IF you are already doing that, that's great! If not, why not? So, there's my motivation. A lot of people helped me learn to trade better once I made up my mind to lean. Perhaps I need to give back now to those who are coming along after me making the very same mistakes I used to make. There is a Buddhist saying that when a student is ready a teacher will appear. So, your job is really to prepare yourself first and your opportunity shall come. That's the way the world works.
AI
