A few weeks ago I started trading and blew up my account for a $1,750 loss in just a few days. Since then I had been paper trading and doing quite well making $200-$500 gains per day with very few losses for a few weeks. I decided to finally get back in and pull the trigger, but I keep getting nervous and failing to pull the trigger. I see my entry point clear as day and then lock up and don't follow thru and watch my potential gain just disappear and I won't chase it. Building confidence is key here I'm figuring out slowly. My watch lists are pretty solid and my accuracy in predicting the movements and entry points have improved dramatically over the last few weeks. I think tomorrow I will put up $100-$500 in an investment just to build confidence. Blowing up a $2,000, or half of my account at once seems stupid. Just thought I would share where I am at right now in my trading.
I know how you feel. A few months a go I stopped trading for a month because I blew through about 2 grand too. I've done paper trading in the past but it's easier to remain calm and not get emotional knowing that the money isn't real. To get started again I made a tiny $500 account to get my confidence back. I have a few grand on hold to start using when I'm completely confident again.
Good to see you're pulling up. Remember just stick to the rules.
When I was ridin' bulls back in my High School rodeo days I rode hundreds of bulls without any terrible results. But the last one I rode shook me like a rag doll, dumped me and dragged me around the arena. The fear set in and I never rode bulls again. Fear is there for a reson, but fear has no reason. That's why they tell ya when you get bucked off a horse to get right back on. which I always have & at 58 I still ride horses. But I listened to the voice of fear on bulls and never rode another bu
Cut those losses fast bro!
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