I see so many examples of the BB extension to the Floor Trader Method. It really helps get me in spots where the 18EMA is never touched. However, I wonder if it is as effective overall as the Level I setup. There certainly are more trades, but there may be more losers as well.
Also, I would like to touch on another topic: instinct. I swear I find myself in the crappiest examples of these trades and I think it is because I have not fully developed a winning instinct, i.e. the instinct to know which stocks to play and which ones are most likely duds. This may be because I am use to losing and identify as a "loser." I am most comfortable losing, so I lose and lose with great dramatic flourish. From now on, I am going to consciously try to gravitate towards stocks that would seem to offer the most reward. Perhaps, this will help shift my self-perception from "loser" to "winner" and I can eliminate the intra-day drama of "Oh, amazing, ANOTHER LOSER!"
Peace to y'all.
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