Received 5 Karmas
toyshika
1
toyshika Apr 29, 16 4:18 PM

:( xoxo better week next week

cotonsimon
cotonsimon Apr 29, 16 5:39 PM

Interesting read! Good that you can recognise your mistakes this soon after making them, it will help you to not make them again. Restricting your position size for the next couple of trades sounds like the correct approach to take but you should always be comfortable with your risk level with your normal position size.

envy87
envy87 Apr 29, 16 8:03 PM

sounds almost like revenge trading and it became personal, great you learned something though.

VegaMan
VegaMan Apr 30, 16 10:00 AM

Yeah. I had seen a few of Tim Grittanni's videos where he talks about mistakes he made when he first started. Chasing stocks and fear of missing out were the exact same things he did. The idea is to force myself to be more disciplined with my trades. This is also my log keeping a record of what I did so that I can compile stats to see what mistakes I'm making long term.

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