So I have been studying, a lot, and I know there is still a vast amount to learn and that I will always be expanding my knowledge. I finally got funs into my trading account, woo hoo!!! Today I was planning on trading because the funding was fully processed. I had my watch list all made out and was monitoring the market before the open. I was watching LBIX after the initial spike and looking to get in at 2.19 because I saw the chart making lower lows and looking to find more upside but I couldn't pull the trigger. I knew the chart and that there was possibly more resistance, I had my risk reward planned out. But I still couldn't make the trade. I know if I follow the rules I would cut my loses quickly and wouldn't lose that much. I think I'm just having some trouble getting over the initial hurdle. Any advice out there?
will feel a great deal of relief once you make that first trade believe me. Take care and good luck!!
you have to accept that loosing is quintessential when it comes to trading. Learning how to lose is probably the best thing that can happen to you right now. don't learn to make money. learn to lose small. embrace the losers. they make you a better trader.
trading smaller won't help you if have the wrong mindset from the get go. By trading smaller what you're actually trying to do is minimizing the fear of losing. You don't want that, its the wrong mindset. its not about minimizing the fear, its about accepting it.
@_Tradeswell_ @Rebela007 @Jay95570, thank you guys so much I really appreciate all the input. It seems like an amazing community and all this commentary definitely helps I'm looking forward to Monday and trying a small trade win or lose. Thanks for taking the time out to respond to my post I really really appreciate all of the input and it's really helped with the mindset and perspective!
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