Man I got out of the market super early disappointed at myself for missing this play:
This was a simple dip buy play that I love to see happening. But for some odd reason I can not pull the trigger. I get caught up in thinking "What if I am wrong. What if this isn't a Vetteguy pattern or Tim Sykes pattern. What if I'm overlooking some fundamental analysis and this stock is a stock that I shouldn't be dip buying."
I question myself too much. I can't stand the burden of losing.
Does anyone have any idea how to overcome this? I know that you have to be okay with losing and Tim Sykes just said in his most recent video that you're going to be disappointed in the market.
I also do understand what loss aversion as Beyond Greed and Fear explains it very well, but how one does overcome it?
Thank You,
Angel
P.S I can't wait to look back at this day and laugh at myself for being to hard on myself :)
keep watching all the videos and you will start to get it, then the fear will subside. Take it slow but stud till you see the best setups and only trade the best setup. Volume is key like CATB it had nowhere to go but up with that parabolic volume.
@petwyt1218 I'll make a note so I don't do the same :)
@FirstRedDay I'm very dedicated :) and You're right! I need to "Aim Small, Miss Small" Thanks :)
@viticoinf87 Haha true FOMO is a baaad thing and even if I am wrong when I'm in a trade I shouldn't get angry because, "To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pnuemonia." - Larry Livingson. Thank you! :)
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