hindsight

hindsight can be a wonderful tool.
whenever you complete a trade you should review that trade sometime in the future and see if there's anything you can learn from it.

today i reviewed my Senetas daytrade.
SEN closed today at $0.61, thats an 8% increase for the day.
if i had daytraded SEN today instead, my trade would have been much more profitable than it was.

but you should always remember that things were different at the actual time of the trade than at the time of the review.

I made the right decision in selling SEN because it stopped me turning a winning trade into a losing one. yesterday there was no way of knowing that SEN would go up 8% today. we only know that in hindsight.

trading is all about probabilities. there was a change that the triangle target of $0.64 might be reached, but when the buyers disappeared and SEN traded at $0.57 and below, the probabilities changed.

todays increase happened mostly in the last half hour, the stock was going sideways most of the day, and my plan said to stay in only while it was going up.

sometimes hindsight will show you that a stock you sold keeps going up. you have to accept that reality and move on happily. :-)