I've been struggling on making positive trades for a while now. I seem to constantly break my rules because I become afraid of losing more money in my account. And I just lost my job due to a company restructuring so I can't add funds to my account. Getting a new job is what I really need to be doing at this time, but this is the first chance where I can actually trade during the day from a computer instead of my phone. I need to stop being such a degenerate gambler and actually stick to a plan that I create. If I did that, I wouldn't have lost as much money as I already have. Several of my more recent trades could have been positive if I wasn't greedy after they moved up and hit my sell limit.
I think I'm going to write out my rules and post them in front of me so I can reference them while I'm trading. It might help if they're right there so I can tell myself not to break them.
Anybody have any suggestions that could possibly help me? Thanks in advance.
Thats Real.. I haven't started trading yet. However i've put in my letter of resignation at my job to do this during the day, but more importantly follow my dreams as well. I'm very fascinated with this stuff and its in workings. The one suggestion i have for you is to leave the emotions out of it. Something i plan to do.. Good Luck!
When you get into a stock think about it intently. Be 100% confident going into that trade. And if you aren't that confident about it then skip it completely. And if you miss it oh well, it'll save you from so many impulsive trades. But once you're 100% confident on a play it'll go the way you want and you'll be able to get out when you need to.
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