I’ve got to fix this. I have no solid plan or rules to play by, I overtrade (8 positions on Thursday/Friday alone), losing more than winning, and all of this while studying Tim’s material.
I need some rules in place. Keep in mind that consistently, I can buy primarily after-market and sell into the morning spike.
Rule 1: Don’t trade like a newbie.
Rule 2: Cut losses quickly (defined by cutting at or prior to losing $0.10/share).
Rule 3: Pick only 1-2 trades/day or less.
Rule 4: Stick with the basic plan (find the best trade after-market and sell in the morning).
Rule 5: Get over the FOMO!
5 simple rules to start with I’d appreciate any feedback on these. Going to run this plan a few weeks and compare it to this degenerative gambling I’ve been doing.
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