For myself, verbally cheering on a stock is a bad sign that I'm letting my emotions get too involved in my trading, and that I'm basically hoping. Am I wrong? Am I wrong to be a little distracted by those who do cheer on their positions constantly?
i don't thinking cheering while your in something is bad, but hoping is....like hoping you'll break even or hoping after your up 50% that it'll go up another 100 rather than acting on what you see
I find that cheering makes me get emotional about a position, and not just trade what I see. If I am cheering for a stock to go up, I am likely to be less focused on getting out at an appropriate time if it does not go up. I guess it depends on your time frame as well.
yeah better be neutral and repeat to uself..." i have no clue where this sob is goin', me thinks is gonna go higher but heck do in know, it could collapse on me in no time. still, i this pattern is usually bullish so odds are it should go higher...well let's see what happens". this is what i say when i talk to myself in durin' a long pos. works pretty well.
if you need hope go to church a fine quote an old boss told me once when I said I hoped I wasnt going to get pinned on some straddels
http://graphics.fansonly.com/photos/schools/fsu/nonsport/cheer/05-Cheer-3.jpg heres one of the hottie cheerleaders at my school