BBRY Bounce, Trader Psychology

It was mentioned in a post last week that NFTRH+ idea BBRY had reached target #1, a good time for profit takers to do their thing.  It was also mentioned that I had not decided whether or not to sell because there was a longer-term target up significantly higher.  Doohhhhh!  I held it and had to sweat the SMA 50, which was pretty much my stop loss (actually very limited profit) line.*

Today it appears to want to bail me out of my predicament, where acceptable profit is now there for the banking again.

But this illustrates a weakness of mine as a trader.  I tend to think ahead in rational terms, but on the short-term I tend to forget all that and get a little emotional for not having taken profitable action when it was there for the taking.  In other words I either conveniently forget who I am as a trader (lack of discipline) or try to be two traders at once**, with each of these wise guys not fully aware of or respectful of the other.

Hmmm… sounds like I’ve got some work to do.

* I find those pretty easy to abide however (discipline), most recently booking a disappointing, though limited loss in CTRL.

** I am not talking about having different investment outlooks and associated time frames, which I often do.  Talking about within one trade.