Meeting AJOurned!

A week later...


Robert held his positions through the volatility. He believed what he saw, and he placed his money, and faith into some stocks. He was betting on this thing called Technical Analysis.


As he was looking at the charts of some issues, another stock caught his eye. There'd been several flag formations, and there was a cup and handle in there. He was more particular with the breakout that happened recently.


He called up his broker and gave his buying instructions.


"Robert, nobody here's buying the stock."


"Yeah, that's why I'm buying."


"Well, if you say so."


As soon as the market opened, his order was done. But the market couldn't care less. Some brokers began selling down the issue. He felt the sting of his broker's words.

"These are just bumps on the road. I know I saw something in the charts", Robert consoles himself. The postings on the issue was not for the faint hearted. More sellers than buyers. "Think like me dam***", cursing the market.

He recalled what had been taught in the seminar. Flags, heads and shoulders, cup and handle. It was dizzying but it made sense to him. "I'll have to train my eye," he said then. Well having a trained eye is one thing. Having patience is another.


He gnarled his teeth. "Cut loss? Cut loss? Maybe slack is something I should cut myself right now." He shook his head. He wanted to shout, but he finally calmed down.


He remembered. He remembered that his mentors taught them to have faith. Faith in the numbers, faith in the charts.


He breathed deeply. "This is just a slight mid day correction." He re-opened his charting software. "Yup, it's still bullish long term. Why am I panicking? I should be looking at these corrections as buying opportunities".


And so, going against his habit before, he bought again. After his transaction was done, there was a sudden shift in momentum. The buyers suddenly snapped up all the postings of the sellers. Bullish sentiment now ensued.


"Wow!", he could only mouth the words.


He could not believe it.


"I knew there was going to be an uptrend, but not this fast!"


He felt the sudden surge of excitement. "Oh right!", he exclaimed.


Now, he asked himself. "When do I sell?".


It's a problem most traders face. When to exit is the most difficult. It takes skill, and some actually call it an art. It's what separates the men from the boys.


When profits are rolling, greed rolls even more. Discipline and having a strategy are

your best friends.

"I think I'm going to sell at my target price. If it breaks out even further, I'll just buy back once there's a confirmed trend."

He calls up his broker. He resisted the urge to gloat about his victory today.


"Pls post a sell order for me."


"Robert, how'd you know?"


"I didn't Oliver. The charts did. And I was wise enough to listen."