I simply cut my losses and by doing so kept them small. I've had my share of bad decisions in my trading career and keeping losses small in order to avoid huge losses is the toughest part.
Why is that so? From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being a loser. That's why most people prefer sticking to a losing position. They don't want to be labeled a loser. So they start hoping their position will turn around and end up being a huge winner. The stock then keeps tanking. Then they hope they will be able to sell for a break even. The stock then goes down even more. That's when being objective and balanced isn't possible anymore. Losses have become huge and they are trapped.
Bharti Airtel
Bharti airtel is trading in a perfect channel taking support and resistance at upper and lower end of trendline.Break of 372 can lead airtel back to 343 levels.
Buy above 380 Tgt...
Read the Full Story
--
Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
Follow on Facebook during Market Hours: http://www.facebook.com/pages/Brameshs-Tech/140117182685863
--
You received this message because you are subscribed to the Google Groups "TradingCenter" group.
To post to this group, send email to tradingcenter@googlegroups.com.
To unsubscribe from this group, send email to tradingcenter+unsubscribe@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/tradingcenter?hl=en.
Leave a comment