Replies to post #169 on Trading Psychology 101 (PSYCH)

[price_and_volume]

I trade for my living. No followers wanted.

My only income for over 10 years has been from trading. I was fortunate to be mentored by others, guys who knew HOW TO TRADE MECHANICALLY.

These guys didn't EVER try to convince others to join them in a trade.

These guys didn't EVER brag about how much they made in a trade.

These guys didn't EVER 'pump' or spread LIES about the upside.

They just took their signals, and had a disciplined exit strategy.

It's been said you can enter anywhere, and make money if you know how to execute a smart exit strategy. I tend to agree with this.

[Mithras]

This is one of my favorite subjects. Thank you for linking this board in a far away post - what an appropriate use of subject matter.

I don’t think OTC boards ‘seem to be’ about pumping. I think it’s the intrinsic nature of any board dedicated to an OTC traded company.

What about the psychology of virtue?

Does/should worthiness have a place in trading? Why? Is a worthy trader still considered worthy for capitalizing on a demand for shares created by a pump in a scammy stock? Is placing a well timed buy order considered participation in that pump? What about selling on the way down...especially at the point when resistance hits and support breaks...is that considered dumping on late comers? If you have or intend to capitalize on a pump, when should the pump be ‘called out’? Why do you call it out? What’s the purpose of calling it out?

Can we all make money...? Who is ‘we’? Doesn’t somebody always have to ‘lock up and turn off the lights’?