Phase 1: Buy, with unrealized profit
Phase 2: Pull up the price, but I don’t sell; it retraces
Phase 3: Sideways trading
Phase 4: A downward drift while the unrealized profit gets given back
Phase 5: The unrealized profit shrinks; I sell
Phase 6: It gets pulled back up again
Damn it—every time I didn’t get out in Phase 2, then I ended up taking action in Phase 5. It’s so annoying. Every time. I’m fed up.
Phase 2: Pull up the price, but I don’t sell; it retraces
Phase 3: Sideways trading
Phase 4: A downward drift while the unrealized profit gets given back
Phase 5: The unrealized profit shrinks; I sell
Phase 6: It gets pulled back up again
Damn it—every time I didn’t get out in Phase 2, then I ended up taking action in Phase 5. It’s so annoying. Every time. I’m fed up.