Had a mixed day yesterday. Made a good move on DCTH midday for a 28% gain, but then, got in DXTR late day, and when it dipped, I got out for a 5% loss (Using percentage since I'm working with small amounts of cash). It was frustrating, because I did the right thing buying the dip on the DCTH bounce, but then I got in on DXTR without a plan, and got out without a plan. Plus side: I took my losses quickly. Negative side: DXTR continued to gain after I exited, and I burned two day trades.
Today's plan: I will be the "Retired Trader" today! My research will guide my decisions, and I will not take a position without knowing exactly what I expect, what I want out of it, and how I'm getting in and getting out. I'm funding my success, not someone elses!
Yea, it really is a struggle. Trading without a plan is so easy, but so risky. The more I study and try to learn, the more I find myself not liking any of the trading opportunities on a daily basis. There's a lot of profits to be made, but I want to find good solid trades that I planned out and executed. Anyways, good luck with your studies!
Absolutely, I'm already seeing who's applying it in chat, and who's begging for picks. Stuck to my rules, didn't chase, live to trade another day.
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