Bears Need A Breakdown Tomorrow!
It's not unusual for people to be nervous before they make a big purchase or to have a tooth ache feel better just before they get to the dentist's office. These same defense mechanisms kick in and toy with a trader's psychology. You've gathered information and made a sound decision, but you start second guessing yourself before the event. For the last month, I have been waiting for this moment because I believe the probability for a breakdown is high. I did not like the price action the last two days and I had to zoom out to a longer timeframe …
August 31, 2010
• Posted in: Options
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