Received 1 Karma
ragincajun83
1
ragincajun83 Oct 23, 20 3:05 PM

I'll say one more thing. You are on the RIGHT track because you obviously know what you did wrong. Think about your position sizing as well.

kcron
kcron Oct 23, 20 9:38 PM

@ragincajun83 Thanks Colby! I like your mindset on thinking about tomorrow. It's protective in nature. No way I'm giving up, I'm new to this world and absolutely love it. I know there will be future disappointments and upsets (humans make mistakes), but I'm looking forward to learning from those mistakes so I can continue to protect and grow my account. I'm watching the Pennystocking Framework DVD right now and just took down this note. Seems to apply perfectly to my mistakes today. "Ignore the

kcron
kcron Oct 23, 20 9:39 PM

@ragincajun83 Also, good reminder about position sizing. I was feeling eager to make money so I went bigger than normal. Money mindset invited greed which turned into stubbornness after losing which turned into overtrading. Going to sit on my hands, size down, and wait for the perfect plays :)

ragincajun83
ragincajun83 Oct 23, 20 9:42 PM

Yep. Every position should be a starter. Always, always have more than enough capital to spare.

Join now or log in to leave a comment