I've gotten much better at picking short setups thanks to Grittani's DVD. I'm just terrible at having patience through bounces. I panic and get shaken out. If I'd stayed in my entry points today on $FORD and $CERE, I'd be up 20% and 10% on two trades. I know hindsight is 20/20, but man the day isn't even over yet and they're continuing to fade.
So, going forward I need to set a clear risk level and just stick to it. I keep losing sight of the forest for the trees, and I need to keep reminding myself of the big picture, why I got into the trade in the first place. Waiting for the trade to come to me will also help make me more comfortable in having patience once I've entered. Even though those plays could have turned out well, they could have been entered earlier too.
You panic and get shaken out? You probably going to big on your trades..
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