I've been going through my trades and I'm pretty consistent with one fact. 1. I overstay on trades and let profits turn into losses. I sized down alot so that I could learn the "dip buy" technique and I've gotten alot better at it. I can now see it forming and I'm alot more patient at waiting until a ticker truly panics, and not just dips a small percent. Instead of going for 10% gains, I'm going to start looking for 3% - 5% gains. I want to consistently nail these small percent gains and slowly build up to holding for bigger percentages. I would just play the chart and level 2, but I need more consistency.
One reason I hold so long is because I don't respect the position sizes. The money seems small, so I feel like I need to be holding longer. I have to correct this approach.
Remember think of the process and not the money.
Definately...I've been focused on the money amount and have let alot of winners turn into losers because of greed.
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