I noticed an interesting bit of psychology today. Once I sold out of AZK in the 50's I found that any calls for reversal were, in my mind, very obvious ramps without facts.
However, in the past, when I was still in a stock these very same calls would be reassuring to me.
It's fascinating that the difference between reassurance and ramping is whether or not you hold a stock.
I made sure that today I mentally bottled the feelings I had when reading these posts for future use.
Calls without factual (TA/FA) supporting evidence should be treated with extreme caution.
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- Daytraders After Market Lounge 28th April
Daytraders After Market Lounge 28th April, page-19
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