What's killing me in this game the most! My top 3 reasons for being in the red.
1-Take the damn profits!!!! I haven't gone through my losing trades yet but, if I had to guess I would say 60%+ of my losing trades could have been winning gains if I would of just took what I got when the stock told me to get out instead of being greedy!
2-Holding and hoping is not a strategy!!! This is part of #1 but I need to put it on the list because it's part of the reason I'm failing at #1. I'm hoping for more and before I know it that 10-20% profit is gone. Then I hold waiting for another bounce that sometimes happens and sometimes doesn't. It's my worst habit that I need to stop.
3-Cut losses quick!!! I haven't been horrible at this rule but i have taken some decent size losses that would not have been as bad had I 1-taken the profit 2-not hoped for more profit or a bounce.
I feel ya. All the same here with my big losses.
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