My biggest losers have been commission fees! Earlier this month I switched to Sure Trader to avoid the PDT rule which was a big issue for me before and I thought this was gonna be the best thing ever. Boy was I wrong (at first), I didn't know how difficult it was going to be to keep from over trading. (I have nothing against Sure Trader by the way) My biggest losses have not come from bad trades but too many trades. Mentally this is going to be my biggest obstacle but I'm glad that I'm learning this sooner than later. I'm glad because if someone gave me 25k a month ago to invest, I would have screwed up big time not knowing what I know now. Im sure most of you have had to deal with this in the beginning and for those who have, do you have any advice at all with the mental aspect?
Hi. I think it's wonderful that you've identified and acknowledge your personal emotional weakness that you'll have to learn how to control. When I reviewed my first 5 months of trading I saw that I was getting killed in commissions, so I switched brokers from TD Ameritrade to Interactive Brokers. That helped lower my costs. I also wanted to be done with PDT, so I opened with Suretrader and I never experienced overtrading until I physically and mentally could. My first week with ST I caught an a
an addiction of "the fear of missing out". The most scariest experience in all of my trading! Through Tim's mentorship (videos/conferences/commentary), I beat it into my head that "The market will always be there". There are plays every single day. So you can relax, miss some, and let your plays come to you. For me, it reduced my trading immensely to the point that I almost don't trade, but the market has indeed always been there and I no longer feel I miss anything. There's another play tomorro
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