BigZ

Ok... Its clear now that it won't work like this anymore. I let my losers run and even worse i add to them on the way down. I do that because I don't want to have a red trade and in that moment i would do anything to reverse it. Then I start adding and make a loss that was acceptable at one point completely unacceptable few moments later. I think that I am too much focused on profit at this stage where I should be focused on process of developing my self as a trader and doing the right thing at every moment.

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BigZ

I have problem realizing that it is ok to take 90$ loss because it can easily become 450$ loss. And when that happens i will be crying why i didn't exit earlier for more manageable loss. this happens quiet a lot to me.

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BigZ

I bought AXLA and soon as i bought it it dropped almost 10% on me. If i was following my rules i would exit the trade and take 90$ loss. Instead i added to my position... I know very well what i am supposed to do in those type of situations but my emotions are messing up with me. Stock kept falling and i decided to wait. Eventually stock came back to mu starting position and i didn't take opportunity to exit because wanted to be right and make a money. It slammed right back down and i took huge loss. it messed up my whole day. I keep making same mistake over and over again.

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BigZ

I might start trading real money next week. If I manage to control my emotions i think that i would have a chance. Emotions are my biggest enemy.

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BigZ

It's very weird how it works. I let my loosers run but I cut my winners quickly. I need to change my whole mindset.

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BigZ

Next big thing I need to work on is letting my winners run. Every time I see 300$ unrealized profit I get out. Itchy fingers. It's very stressful watching that stock running without me ones I get out.

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BigZ

My problem is that i am a bad loser. I would rather average down until my account bleeds out instead of taking small loss and go on with trading. In my mind I feel like it is horrible to have a red day. And I would force it to make it green. Few times it worked for me but now I am realizing that I developed a bad habit. My recent trade proved me wrong again. I kept adding and that bitch kept tanking. it's ok to have a red day. It's not ok to break the rules

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BigZ

I bought $TUP today and was trying to be patient and not to go all in. I tried to scale into position. Most of the time it was hovering aound my risk level. I gave it some time since i had small position. it finally broke down and i stepped out. As soon as i Stepped out of position $TUP went right there where i wanted it to be at first place. I got so mad and started cursing and slamming on my desk like 9 year old child. I will try to get better in controling my emotions. Maybe posting it here will keep me accountable.

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MikeySaghbini

goal: make 100-200$ a day, but, not forcing it. only take the good setups. cut losses early. dont risk more than 2k on a position. Cut losses before 2-5%. cut losses at break of support. only playing dip patterns, break of day high, and multiday breakouts. no more short selling. focusing only on 3 strategies.

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BigZ
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BigZ Aug 09, 23 11:59 AM

I love this strategy. Sounds very simple but need to be on the point with the rules following.

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