I have three bad trades really grinding @ my confidence. I believe my biggest mistake is forcing trades, and not trusting in my own intuition. Another problem is following others trades too blindly. I am looking @ a $701 loss on two $FORD trades and a $350 Loss on a trade of $WPCS. I don’t even know what $WPCS is! I can see I really need to focus on a watch list and on stocks that I have evaluated ahead of time. I see these alerts, and lots of traders banking on them, but I need to decide for myself which stocks should be worthy of my hard earned cash. Hopefully I can back off of the accelerator; it is quite evident that I need to. Good luck to you all.
Posted Sep 02, 15 6:19 PMbyMadbash
Related Trades
Thx Palmer. While I have spent many hours with the DVDs and Video lessons, application of the knowledge is of utmost importance. I don't know why it is so difficult to stay disciplined, but I am confident I will the resolve.
Take some time off and get your confidence back paper trading, then give it am other shot! Keep at it. It's not easy but I believe with persistence it's possible!
A book that has helped me out a LOT is Trading in the Zone by Mark Douglas. It's all about getting ahold of your emotions and reducing some of the impusiveness that comes with trading. If you're more right-brained and sometimes all the tech-y stuff starts to blur together that book will really help.
Rally sells...I mean when the trend is down, stock rallys up a little and the rally...opposite of buying a dip.
Join now or log in to leave a comment