This one really bugs me.
I study every day. Watch videos. Monitor stocks and charts. Study patterns and candles. Make watch lists.
For each stock on my watch list, I know exactly where support and resistance is, where I want to go in and what a realistic profit target for each trade would be.
Before market open, I narrow it down to a few candidates to trade that day.
But then, all too often, I'm just looking at the stocks that I put on my watch list, observing them breaking out as anticipated and go higher...and higher...and higher..., without me.
And because the optimal entry has passed, I don't chase.
The worst is, in most of the cases, the trade would have happened as I predicted. So I know that my trade plans are good and that my intuition is good.
So why am I hesitating? Why am I not pulling the trigger as often as I could?
Does anyone here have similar experiences and how did you overcome this?
Re-read through the topic. After I finish re-watching HTMM going to YT posted above and re-watch Trader Checklist. Pulled the trigger today and took my biggest loss to date
@Kody Damn that sucks. I'm really sorry to hear that. I pulled the trigger today, too. And made a loss as well. But, at least in my case, it felt good to enter a trade again and to execute it as planned. Even if the result is negative. I stopped out where I planned to do. This counts.
@Nodrog Right on man. I had some major technical difficulties on my end, exited 20 cents under my mental stop. Price just moved too fast.
@Kody I feel your frustration. Try to shake this feeling off over the weekend and come back refreshed on Monday.
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