[Apologies for the late reply, was not keeping well]
[No, its not because of my losses
]!
Asishda...
Right, and I very well remember the same words in the other thread. Yes, I should be knowing which way the wind is blowing. Let me give you two examples. Firstly, I saw a negative divergence rode on it, and instead of getting out when the rally was slowing down, I held on. The market closed and incidentally I remembered this is the Friday! [
yes, suckers are born here every minute!
You now have a name to that label
]
Well, well, market gapped up on Monday, and well I was impaled. So, instance number 1, greed!
Secondly, I saw a hugely bearish divergent setup some time back. And each time I kept shorting when the positive MACD ticked down, I got thrown out of the trade by my stop. This continued to happen and the scrip continued to make further negative divergences. So, in my opinion, I think, I am not able to read the stuff too well, and coupled with my emotional haze, I am not carrying it out well.
@Niks, thanks for this. I guess I am yet to build myself strong enough to handle pyramid positions. I did try, and well, didnt do it right, Conclusion: Its me!
@Gsalvadi, and Kipling
So right, so right!