a trader wit a losing position spends sleeples nights waiting for an early sunrise while d 1 wit a profitble bet spends euphric trading sesion waiting for a never ending session.
True. It is one's current experince (i.e. experience in last trade or at best last a few trades) that moulds his decision. You know from where I am quoting the below passage. The below passage is a timely reminder
"Starting from the simple ground that the logical action of a stock was to decline when offerings exceeded the number of shares bid for, and to advance when the amount bid for was greater than the amount offered, we agreed that the quantity or volume of stock changing hands in each succeeding transaction was of great importance. Anyone who undertook to read the minds of the momentary buyers and sellers was able to measure, to a certain degree, their eagerness or anxiety to buy or sell; also to measure the force of the buying power or selling power as shown by the number of
shares; and to judge of the purpose behind the action, whether it was to buy without advancing the price, or to force the price up, or to mark it down, or to discourage buying or selling by others, as the case might be."