Replies to post #190 on Trading Psychology 101 (PSYCH)

[price_and_volume]

A 'worthy trader' takes good trades

A 'worthy trader' capitalizes on information presented in the marketplace imo.

In MY CASE, I'm looking for share-demand to drive prices higher - that's my key-setup in stocks. Breakouts.

As a trader, my JOB is to take the trades that meet my criteria.

I've explained that I SELL INTO any ramp I'm lucky-enough to get on, because there's no way for me to KNOW who/what/or why the ramp is ACTUALLY OCCURRING or how long it will last.

Is it a scam? I may have an opinion, but I may be wrong.

Is it going up due to promotional pump? I may have an opinion, but I may be wrong.

Take the trade. Monetize it. Move on when it's over.

Nowhere in that process would a 'worthy' trader IMO add to, or even need to add to, promotion and pump.

For what purpose? To fool others? What need is there for that?

IMO, as you already know, THAT wouldn't be 'worthy' of anyone.

[SilentWolf]

Mithras, in my opinion, you are a worthy trader if you capitalize on a pump, only if you understand that it is a pump. Novices can't distinguish legitimate demand for a stock and artificial enthusiasm, and usually become bag holders.