How To Trade Stocks Without Emotions(20)

It has been a problem to act on beliefs.

When (10/1999) DOW and SP500 were trailing I knew NASDAQ Had to fall.

I did not act on this hunch.

I should have shorted BMCS which warned and went down.

Instead I bought 500 JBL simply because it hit a new 52-week high and broke out on a three month chart.

I didn't see it had a resistance there on the longer chart.

The decision to buy JBL took less than 5 seconds.

I didn't follow it and didn't even know which sector it was in.


I bought LU when I was holding HWP in loss.

I lacked confidence.

I has a hunch on NT but I never traded NT b4.

I was probably afraid of trading NT because of unfamiliarity.



By Jay Deb