Accepting that you were wrong has to be one of the hardest things in trading.The worst has to be when you’re on a winning steak ,and then BOOM you have that one trade that goes the opposite way of your entry.Even if you have a stop loss you start to move it further away allowing it to gift the market more money. You can’t take the loss because of your ego ,or maybe it just bothers you to see your account go down.Maybe you start telling yourself that you have been in other trades where you took a loss and then it went right back where you bought it and much further. These are the times when decision making in trading becomes difficult and emotional.At the end of day trading is very difficult which requires a lot of moving parts for you to be successful.
Quote of the day:“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” -Michael Marcus
Trader Essentials from Amazon
1. amzn.to/2Vn1xG0 -Tylenol Extra Strength Rapid Release (LOL)
2. amzn.to/2VTvHzW -Encyclopedia of Chart Patterns
3. amzn.to/2PTJ7a0 -Apple MacBook Pro
4. amzn.to/2HaZGeR -OLLY Goodbye Stress Gummy,
Quote of the day:“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” -Michael Marcus
Trader Essentials from Amazon
1. amzn.to/2Vn1xG0 -Tylenol Extra Strength Rapid Release (LOL)
2. amzn.to/2VTvHzW -Encyclopedia of Chart Patterns
3. amzn.to/2PTJ7a0 -Apple MacBook Pro
4. amzn.to/2HaZGeR -OLLY Goodbye Stress Gummy,