One of the many stupid trading behaviours I have (I should probably list them all out sometime) is that if I buy at x-price, I won't sell below that price, even if I know it is going to go lower. Similarly, if I sell at y-price, I won't buy above that price, even if I know it is going to go higher. I am not sure what the term for this silly behaviour is, but I am sure there is one and someone might mention in the comments.
Combined with me being impatient and buying too early (normally) or selling too late (nearly always), this means that I end up missing a lot of potential value, because in order to make gains, I require larger movements. For instance, last night as I watched HIVE go up, I knew that I didn't have any, because despite the drop from the recent highs, it was still mostly above where I had sold, so I hadn't bought any back. If I had, I would have bought less than I had sold originally, but selling at say 0.60, I would have made more than I had spent in total.
Am I the only one?
The only to admit it openly perhaps? Whatever it is, I end up in "holding patterns" far too often, where I cannot take off or land (buy and sell) frequently enough, because I need higher highs and lower lows to make the trade worth it. That is poor form in a spikey market, especially for the buybacks, as they tend not to drop low enough.
Anyway - true to form I decided to "roll the dice" and buy something else instead, Far too early. Yes, it was a dip, but in two days I lost 40% of the value I had bought with, because I was impatient. I can't win. I am patient when I shouldn't be, impatient when I shouldn't be. Everything I bought went down, the things that I would normally buy went up.
You know when you are at the grocery store and choosing a checkout line, and then no matter which you choose, every other line seems to be moving faster than yours? With trading, I have the data to show that more often than not, I am in the wrong queue.
Nothing to sell, nothing to buy with.
Just standing in the queue, waiting.
At least this time, I don't think it will be another four years of waiting for an opportunity. Though, my track record says something different. I think that a big part of my problem for this kind of trading is that I am looking for a little too much gain, rather than increasing the trade frequency on smaller percentages. Doing this means I am constantly missing opportunity to increase the stack, in the fear that I will miss the larger swings. This means that in those larger swings, I have less stack anyway.
One day I will get it right.
It just won't be today.
Taraz
[ Gen1: Hive ]
