It can be tough to remind yourself cash is a position too. There may be a variety of reason to stay in cash. Your personal schedule, the market being a bit tougher, set up not presenting itself, or set up has not been working. I'd also like to remind everyone sometimes you are just not in the best of head space to trade. Trading is not like a typical day job in which regardless how you perform you still get the same pay. With day trading if you have personal things going on it may be best to just stay in cash. When you are not in the best of head space you may not make the best of decisions. You may make bad entries or take non ideal set ups. Or do like I did yesterday and miss that you have a different ticker pulled up and buy the wrong one. Especially when the tickers are near same price point. I am not making excuses for the errors, just drawing attention to how easy it is to make a costly error when mentally not fully attentive. Thankfully I trade small positions still. Unfortunately I continued to trade after that. I did hesitate for a moment and think perhaps I need to just walk away for the day. Would a could a should a right....
Self awareness is difficult when you only have yourself to be accountable to. So keep in mind your why. Why are you on this journey? Why to get in a trade? Why to stay out of a trade? Sometimes the why to stay out is more beneficial to ask then why get in. There are so many types of indicator you probably could find something to justify why to get in on just about any ticker. Trade to your plan, fellow degens. peace
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