Peter Brandt
- Getting chopped up within the morph can make you gun shy when the real breakout occurs.
- Range bound markets tend to force a chartist into violating his or her trading rules.
- A compulsion for being pre-positioned for the “next” big breakout can result in a trading becoming obsessed with a market. This is never good. You should never feel as though you have to have a position or you will somehow miss a move.
- Being obsessed with a particular market can cause you to miss good opportunities in other markets.
- Being obsessed with a particular market can force you start monitor-watching. Monitor-watching will play on your emotions and force you out of good decision making skills.
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