"Confidence is not, I will profit on this trade. Confidence is I will be fine if I don't profit from this trade." I believe in this proverb.
%% I had a lot of dreams as kid; i think that grew out of the fact i had a chance to read a lot....................................................Bill Gates
Some traders believe they require to behave differently in order to make smart investment decisions. The challenge would be that the trend is real. It would be representing the collective actions of all market participants.
%% TO EVERYTHING there is a season, a time...... A time to break down + a time build up . A time to get + a time to lose- King Solomon/King James version.
%% ONE of the great paradoxes of the stock market is that which seems too high, goes higher + what seems to low\ goes lower. William J O'Neil/IBD Founder
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
It was fun to read some of the proverbs mentioned here - my favourite one is trade with the trend as it basically encapsulates all that trading is.
%% She considers a [new] field before she buys/Proverbs 31;16a AMPC...............................................................................................................