Wednesday, March 30, 2011

I've Never Been Late for Anything!

I think I have my parents to thank for making me so punctual. Never was late for school or church or for the occasional birthday party. Always, to this day, am dressed and ready to go before anyone else in the house; even to the point where I can be excruciatingly impatient when I have to wait for someone. But, you know the old saying, at least if you're late ALL the time, you never have to wait for anyone.

In case your wondering where I'm going with this... it's about always being too early into the trade; afraid you'll miss out and not letting the trade come to you. I admit I'm as guilty as the next person when it comes to jumping into a trade too early. I'm more impatient than I am impulsive and, when I don't follow my plan, I find myself doing a lot of waiting around for the trade to develop and go as I'd planned. Then, of course, I sell/buy JUST before the big move.

Here's the perfect scenario:


I featured this setup last weekend on my blog. Long over 29 on volume. Today the market is moving and so is $SUG. I'm tempted to cheat a little and go in below 29. After all, it's ALMOST there. Right? Wrong. This time I'm not going to get the "Stupid Award". This time I will wait and trade my plan. And this time I won't be excruciatingly early!

Hope you're all having as good a day as I am. Good trading for the rest of this day!

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