Hey everyone
Since i went live trading from January i am struggling with psychology and discipline. Typically when i can be in front of the pc when the market opens i am planing based on the pre market movers what i would like to trade. In my mind i have the plan if it opens and does what i expect i would enter at the specific price. The big problem is that when it has momentum and its running up i am afraid to buy because i am feeling that i am chasing. When the pullback is coming and when i should be entering normally i am afraid that it's going to tank. I dont know if i am afraid of being wrong or if i am afraid of loosing money but its frustrating as hell after it plays out exactly as i wanted. So Far my actual trades were pretty bad in sens that i just entered impulsively and i didn't plan as i should have and because of this most of them are just losers. Ok they are not big $ losers but thats its not important.
I really would like to master this fear or whatever it is because right now this is whats keeping me from advancing forward in my journey.
Feel free to give any advice if you are thru this phase.
Yes that would be great but i have the PDT rule unfortunately..
@Nimrod that's only when selling the same stock. You can buy the same stock as much as you want
what do you mean? it does not count as a day trade each buy?
Yes, each buy does not count as a day trade. Only the selling does
Join now or log in to leave a comment