Anchoring Bias

I found this beauty of a chart for Celgene (CELG) last evening, when reviewing the charts. I jotted down notes to buy the Aug & Sep 60 Strike Puts, first thing in the morning.




By the time I got in front of a computer, it was already 10:30 Eastern, and CELG had gapped down.

I'm not going ahead with my planned trade, as my odds of being profitable (while still positive) have been reduced from what it was last evening. I'm holding back on the trade until the odds get better.
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