Replies to post #192683 on Fannie Mae-No Politics (FNMA)

[Jayman1980]

It was overbought. Many good traders were here warning people, but euphoria sets in and people dont listen.
I wondered why the headlines did not drag it down at first. I sold because i know the crowd mentality.

The stockmarket is a game. You have to know how to play. Some play dirty. Some follow the rules. Anybody can win if you know "your" secret.

There is nobody to blame but yourself if you do not take profits when RSI is at 85, especially for as long as it was up there.

Every good trader knows that it is an inner battle, with your emotions, that must be fought and won, in order to be methodical and take your winnings or to hold your convictions and buy, hold your ground when all the Lemmings are running for the water.

This is not directed only at you for writing that letter, but for any trader who cries foul and blames others for their shortcomings.. If any lies were presented in these articles, I would agree with you. You had plenty of time to take those profits.

I do not mean to offend. GL to you. Fannie should be back to 6 soon. :-)

[jeddiemack]

The head line was misleading... it implies a "deal" was reached and it would become law.

What it should have said is "potential" or "draft" or such.

Its sensationalism journalism... the kind they did with hit pieces many years ago... for example when there were like three afternoon papers...