Hello everyone,
I'd like to share my thoughts with you.
After a day off, the market can often resemble a Monday, which is a day I typically avoid trading because the market tends to be quite volatile.
Usually, I just assess the earnings from the weekend, and that's it.
However, on September 5th, the market was extremely challenging, characterized by bearish trends, and unfortunately, all my positions were in the red.
Today, CGC saw an increase of 0.8, and $Pali surged seemingly out of nowhere.
As a result, I only managed to earn $45.
Over the past month, I've been able to maintain a balance of over $3.5k. While I'd like to increase that balance further, it hasn't been the case recently.
I now understand the importance of cutting my losses quickly because failing to do so can prevent me from taking advantage of opportunities like $VERB. I was prepared to purchase it at $1.04 in the demo account, but it proved impossible in the live account. It was disheartening to witness the stock soar to $4.3, knowing that I could have earned nearly $3000 in the demo.
The demo account serves as a tool for practicing entries and exits, allowing me to evaluate why I enter a trade and when to do so based on my indicators. The primary objective is to develop consistency in my trading approach. I document my thoughts in my trading journal, enabling me to reflect on the accuracy of my decisions at the end of each trading day. that's all for today. best trading day. Repeat with me, I am good in trading when I learn. That's so true. Kholentanne from France
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