When trading, don't be a sheep in wolf's clothing

In trading, distinguishing between 'facts' and 'opinions' is crucial, extremely important

Technical analysis traders make trades based on charts; they act and respond according to how the charts change

However, many people are merely subjective feeling traders, not true chart traders.

They 'feel' it will go up, long;

They 'feel' it will go down, short;

They 'feel' it has risen too much, short;

They 'feel' it has fallen too much, long.

In other words, they are not chart traders; they are subjective feeling traders. They do not trade based on actual market changes but instead place orders to satisfy their expectations and their own comfortable feelings.