So my biggest losses have revealed that all my rethinking is losing me more money. I set my mental stop loss going in but then I start rethinking everything.
- What if this is just a temp pullback before the bounce up?
- Maybe if I hold it another day it will turn around.
- What if???
- Maybe???
I need to get some control over my second guessing and go with my exit plan like it or not.
My loyalty needs to be towards my money not towards a stock.
My rethinking is doing my $ harm.
Posted Mar 14, 17 2:39 PMbyDeeSniper
Categories
Trading Mistakes
Related Trades
Received 3 Karmas
same scenario
Don't go into anymore trades. Spend the next couple months paper trading and finding out what patterns work best for you. I was in the same position as you a couple months ago and I've lost a lot of money.
I know we have all been there. It may help to write your plan down. Then, at least your ideas are staring you in the face. Good luck with the discipline! I know I need it!
Definitely can relate to that
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