I am prone to the same mistake on different sides of the cycle.
When markets are trending up, I am reluctant to chase and look for a pullback to make an entry (but it either never is enough or I move the goalposts when it comes my direction).
When markets are trending down, I am reluctant to cut and run and look for a bounce to sell into (but it is either not enough or I move the goalposts...does that sound familiar).
If I could get those two elements out of my software, it would improve my decision making and results enormously.
The problem is that I am wired as a natural contrarian, and both mistakes imply a lack of conviction.
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