CME Group Inc.Short
The moon made a mistake
I hate being slapped left and right in the market, buying at the top of a range, selling at the bottom. I hate false breaks, I hate making the right moves but losing money up and down -- that can happen if I stop out on a bull weakness, chase higher on strength, and stop out on weakness, and the cycle continues. Even in the gold market's $20 range, I could lose $50, albeit in the right direction.
Concussion trend, can produce not only major loss, and also can blow trader's confidence. I have had many such experiences myself. Because before the emergence of big market, often will be the first violent shock, deliberately frighten traders, thereby missing the real good opportunity.
The biggest temptation after an early stop is to get back in before a strong signal. Once trapped in this cycle, trading discipline and patience will be tested.
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