Before any huge mega pump, I can spot it before-hand. (Nete, Capn, AQXP.) But the PROBLEM is that when I get into a trade, I get really nervous. With that in hand, I sell on the first sign of a big dip, I sell because my fear is that when I see a big decrease from the uptrend, I think its going to crash to burning hell. This happened with NETE and AQXP but luckily nailed it with CAPN. My question is how do I stop myself from getting so impaicent that I sell when things go wrong. Every time I sell, the stock finds a way to go back up and soar without me. How do i stop myself and let the stock do what it needs, ignoring the big dips on its path? How do I make sure that the stock will keep on soaring after all those dips? I need to know if the stock is going ot end, or keep on soaring just like AQXP recently did. Please give me tips and suggestions, Thanks.
Same problem with me. Left a lot on the table because I got out out at the dips
Have you tried removing the profit loss section from your broker page? Tim Gritanni says that a good idea as well and just focusing on chart patterns
Hi Eddzur, unfortunately the answer lies in hard work and the 100s and 1000s of hours working on your craft. Look at all the big athletes how much did they suffer how many times did they fall. The question is what you do when you fall, when you wrong? We do not learn surfing by only reading about it. Same in trading its an emotional process you have to go through. A diamond is formed under huge pressure, so the answer to your question: repetition, step by step train/harden your emotional reactio
@Eddzur Find repeating patterns & only trade those. That way you already know how the price action will play out.
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