I hesitated on $KOOL this morning. I saw the bull flag around 9:46AM and was going to buy at 3.41 above the break of 3.40 but fear of losing kicked in as always after a string of losses. I also missed my dip buy of $HIIQ around 16.00 as I was trying to figure how many shares to buy and where to put my stop. I also predicted that $DRAM $NDEV would go up after they both formed ascending triangles but I didn't know how far it would go as it was midday so avoided it altogether. $KATE which had sale rumors and was holding 17.30 and I thought that if it broke 17.50 resistance it could get to 18.00. It went up to 18.65. So the only stock I regret not buying is $KOOL but I'm glad I didn't FOMO trade like I have in the past after a ton of misses. I'm trying to break out of the cycle of hesitating on good setups, then fomo trading after not trading for awhile and getting the itch, then losing, then being scared to trade again when I see good setups then the cycle repeats. I'm trying to be more mindful of everything I do to avoid these silly mistakes.
i like that because i have the same problem. this is my first winter trading with my real money. i have studied the market for about 6 months on the sideline and not am trading. real money makes me ten times more emotional and i also have seem many of my settups go as planned. then when i make a trade i get so freaked out when im in it and dont focus on my plan. then when i have lost a few i have a fear of getting back into a trade because of the losses i have had. its tough. then ill see
@stolson22 Yeah I think the key is just focusing on the right setups then trading small. Then when you have a few small green trades it builds your confidence. For me the main thing is not to fomo trade then lose and as soon as I see a good setup don't hesitate.
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