Most people know that trading heavily involves emotions and the mindset other than just technicals alone. I've been trading for almost a year now but still chew myself up on smaller losses by making emotional mistakes.
I've improved greatly on cutting losses when needed, on scaling, on setting a max loss and so on. I've improved on spotting the best/A+ setups that present themselves.
However, I still struggle and tend to take B or C setups when I miss my main watch on the day. Today $MESO was my A+ setup but couldn't find any shares to borrow. So instead of exiting out my brokerage account later in the morning I kept it open looking for other potential setups. Wrong move. This has happened to me more than once, simply a lack of discipline.
I tried shorting $INO even though I knew it was a tricky and manipulated ticker and had no clear edge on today's price action that I'm used to. Even though it was a paper cut trade it was still 100% uncalled for. So as a punishment to myself I'm taking tomorrow off from trading and focusing just on studying.
My main homework and improvement needed is taking a step back if I start noticing myself looking for plays. This includes if I missed any tickers or do not have any planned out trades before market open.
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