I went into the employment numbers heavily short. This might have been a mistake since I had no particular insight into the numbers. The only rationale was we were at recent highs so maybe a better than consensus number was needed for significant upside. The real reason was I was on a loosing streak and was hoping (hoping ...how embarassing) for a bad number.
But this is not the mistake I refer to in the title . Rather the fact that , lucklily, the numbers were a bit weak, and I suddenlly saw myself with almost $3000 in profits...and then I got greedy! The sp500 was falling 1.5%, a big move...but I thought it would go down 2% (why!?) so I relaxed and held to the close...and my excellent profit turned into a mediocre $600 profit...and leaves me hoping (argg!) for a neutral or down opening on monday.
So summing up...do not get greedy. Also do not let your recent perfomance influence you. In my case my abismal recent performance influenced me into being greedy , since consciously or not I´m sure I was trying to hard to make up for recent losses...normally I would take the $3000 .
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