Today, I made a serious strategical move. I'm cutting my position sizes by 75%. I'm sick of getting a profit, then losing it all the following days. I need to build up my win percentage. I need to show myself I can recognize patterns, have good entry/exits, and cut my losses quicker!
I've been burned all week though! I get in at a stupid moment, watch it drop 30 cents, freak out, sell, then 35 min later, it's back up. So how do I cut my damn losses without taking a risk, we all don't find the perfect dips and spikes immediately, we're human. I'm new to this. I'm frustrated. But just like guitar, I'm not going to let it get me down. I'm going to study, I'm going to cut my position sizes and I'll play with $3-500 for all i care.
Side note, I ran out of day trades, Left my position in GNUS at 6.93 over night, it's at 8.47 now. Good thing I decided today to put only $100 in and not my usual $1000. wtf man. It's ok. Let's build up the wins and move forward.
Going long on PLYA. I dig the chart.
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