Being Wrong Never Felt so Right

Sometimes you're wrong. It happens. What matters is your reaction, not the fact that you were wrong. For instance, I though the iShares Russell 2000 (IWM) might be forming a topping pattern. Being short from the time the thesis was presented wound up being a decent trade, with many opportunities to get out for small profits or set trailing stops. Any experienced trader most likely was using that path. Right?

iShares Russell 2000 (IWM) Source: StockCharts.com View Chart » View in New Window » ...246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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