How do you stop chasing trades? Ive been in the market for a little over 3 years been actually trading for about 2 of those years (Took a 6 month break two different times) I know how stocks move I know what stocks are usually gonna be in play and which way there usually gonna move but I always chase my entries and it kills me every time. I have a trading journal So write in there every trading day I have stats on all my trades winners and losers, setups I do well and ones I suck At I watch videos on trading education I read books on trader psychology and I know profitable traders personally that I'm friends with that give me trading knowledge from all the time but I still can't figure out how not to chase trades and I don't have any more Ideas on how to stop doing it. Its really a difference between knowing what to do and actually doing it when I'm supposed to. If anyone can possibly give me any Ideas how to help I'll gladly listen. Thanks
hey guys I was just browsing around and here I am. Quick question, if you have a small account and your only allowed 3 day trades in 5 days, how do you manage trading? I feel obligated to only trade and hold at end of market because I have used my day trades already. Any thoughts?
@WestSou If u have a decent account size u can do a cash account which has no PDT but does have a 3 day waiting period for ur funds to settle. Another option which isthe one i took, is to open a second broker. I have Etrade and Robinhood. I didnt make one trade today so keep that in mind. Its easy to jump in to a random play and hope it goes up. Discipline is key
@WestSou focus on earnings winners that are holding gains and are consolidating at support areas and are starting to get volume for a possible breakout...or daily runners holding gains with price and volume surge into the close for an overnight hold to close the next day.
ok thanks guys, will do.
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