Why do i keep buying at the wrong time?

Discussion in 'Psychology' started by mute9003, Jun 8, 2024.

  1. schizo

    schizo

    Oh, c'mon, you can do better than this. Go ahead, chew some more before you spit out the conclusion.

     
    #31     Jun 8, 2024
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  2. schizo

    schizo

    Again, the qualifier I used to describe the sideway chop is "bridge", namely what role it plays in bridging the two trends. I'll simply leave it at that.
     
    #32     Jun 8, 2024
    MACD likes this.
  3. schizo

    schizo

    I dunno about you but that clearly looks like a chop zone. So unless it closes above the resistance line (and it failed twice already), it ain't going up.

    upload_2024-6-8_14-6-28.png
     
    #33     Jun 8, 2024
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  4. mute9003

    mute9003

    What i meannis on those last green bars where i bought. There was a strong push upward massive amount of green orders non stop going through and price was moving up for few bars. Then suddenly the green orders died out and red orders started flowing through..

    What does it mean when there are alot of orders going through but price doesnt move that much?
    Whether its up snd down.

    sometimes i see waves of green orders but price creeps up very little,
    Other times i see either very small number of orders on tape but price spikes like crazy
    And what can i do with that information.

    I really dont understand market dynamics because youtube videos dont really explain cause and effect.

    Like. This is what chart is doing. This is what is causing it. And this is what it means and what you can do with that. most youtubers just say: marked did this. So you need to do this.
    I want to understand why. I know its probably unnecessary i just like to learn more
     
    #34     Jun 8, 2024
  5. upload_2024-6-8_14-42-42.png

    Now that quote was from my phone, and looking at the chart I would assume we haven't completed the 3 wave because the pullback did not reach .382 which is typical for a 4 wave retrace.

    upload_2024-6-8_14-51-49.png
     
    Last edited: Jun 8, 2024
    #35     Jun 8, 2024
    deaddog likes this.
  6. Zwaen

    Zwaen

    ( :mad: @myself). One of the (many) moments in life where I have to admit I made a mistake :rolleyes:

    :thumbsup:
     
    #36     Jun 8, 2024
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  7. poopy

    poopy

    WTF are you trading this sht? Cash account?
     
    #37     Jun 8, 2024
  8. Zwaen

    Zwaen

    “Price action “ is nice, how is this one “gonna end”?:

    IMG_1211.jpeg
     
    #38     Jun 8, 2024
  9. poopy

    poopy


    Ended at 28.xx Friday's close.
     
    #39     Jun 8, 2024
    Zwaen likes this.
  10. schizo

    schizo

    No need to beat yourself about it. We all make silly mistakes. In fact, that's what makes life all the more interesting. :)
     
    #40     Jun 8, 2024
    Zwaen likes this.