You really can't be focused on the profits when your trading . You got to trade the setup and the profits will follow . I don't know why it's so hard for me to understand that . I think due to my financial situation I really need the money and I want financial freedom badly and money is that vehicle to get me there. So I completely ignore everything else when I'm trading . I have to realize that money is the by product of good trading and following the rules. Not just being a moronic trader who just puts his money into anything that moves and spikes. I got to follow the pattern such as : The first green day on listed/over the counter stocks on news and or catalyst. Buying meaningful breakouts on a multi-day or multi-week setup. Shorting the first red day on a over-extended stock. Lastly playing the framework as well.
That's just a few things to consider when playing the market. Waiting for the market to show the patterns in huge so that's it for me and what's on my mind . I loss $122 dollars on 8/24/20
BACK TO STUDYING
This is so true. I think traders talk more about the setups, but that emotional aspect is just as important. I am more prone to be led by fear rather than greed, and one of the things that helped me was to track my plays, so that I could rely on my data and know that statistically at least, I should let me runners run and not get out in fear because I've made a meager profit.
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