The local trader next door told me that "Shorted 2475 2476 as there were "many sellers parked above", but then the market took out all the sellers & I cut 2482..."
"many sellers" behind us is not a reason to go against the higher highs and higher lows in this 5 min timeframe. This is one of the pitfalls of being a so called professional Local Participant, sometimes you get too close to the market...
In The Art of War, Sun Tzu said,
'Greed is a fundamental cause of defeat; it is the unemotional,
reserved, calm detached warrior who wins and not the ambitious
seeker of fortune.'
'Those who are skilled in combat do not become angered, those
who are skilled at winning do not become afraid. Thus the wise
win before they fight, while the ignorant fight to win.'
In The Art of War, Sun Tzu said,
'Greed is a fundamental cause of defeat; it is the unemotional,
reserved, calm detached warrior who wins and not the ambitious
seeker of fortune.'
'Those who are skilled in combat do not become angered, those
who are skilled at winning do not become afraid. Thus the wise
win before they fight, while the ignorant fight to win.'
posted by emacro @ 5:39 PM
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