I myself got on tweeter long tie ago, to share and to find "trading sole-mates". It is unfortunate that after meeting a lot of great people traders , not too many survived this game , and many vanished for good. Sad but true. Trading is a very lonely job, super mental, and can be very frustrating if you trade alone. Having a good knowledgeable trading buddy, who is not only good in reading technical analyses but also being objective, self criticizing, and who can observe realistically the trading situation on minute by minute basis is crucial.While we are having a great green streak in February, we do tend to get a bit complacent, but the good news is when having a trading buddy , one can always remind the other about this dangerous state of mind COMPLACENCY,
I want to point put my mistake today that even after Tanner@TaoTrading called out loudly the error we were both about to make, we still disobeyed our the read out of the tape, price action and the volume , that stopped stripped me from making a nice $2,000 green day . So writing publicly about this error, I find it beneficial not only for myself but also for those traders who may read this blog post. Since picture is worth million words, without further due here is the picture explaining what happen with OLED the trade of the day
OLED short failed to take profit on entire position
at LOD