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Trade Psychology: The Act of Self Recognition
By M. William Scheier, a futures trader and analyst in the E-mini Index contracts
Posted: November 14, 2008
Weekly ArticleIf the Analyst in your head gets you into a position that doesn't materialize the way the pattern model suggested, he is very likely to attempt avoiding defeat by retaining the position under the guise of new analysis. He sees his old position now justified by a new pattern as the chart unfolds... [more+]