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momofwallstreet
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momofwallstreet Jan 06, 11:11 PM

Appreciate the transparency. I always amaze myself by getting out of well planned trades quickly rather than let winners run because I worry about them turning around and becoming a small, well planned loss. On the other hand, I have no qualms about jumping into impulse trades and letting those losses run. Seeing the difference between what is and what could be as far as profits goes, makes you think discipline would be a no brainer. Yet, it is one of the hardest things.

davidzstaton
1
davidzstaton Jan 09, 1:33 PM

You're not alone. I do the same things. Still learning!

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001CP
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001CP Jan 31, 21 11:09 AM

Good job. I know it takes a lot of determination to stick with this. It's easy to get too cocky during the easy times and self destructive when times aren't going well. The fact that you're willing to go fight through all of those obstacles shows that you have the proper mindset. Which is really the key to most things.

farrelco
farrelco Feb 02, 21 4:54 AM

Thanks! Yes, being aware of emotions is important. Even yesterday I got too cocky on LODE and gave back some awesome gains. The easy times are when you should take profits, not get greedy, but sometimes you have to screw things up to learn! Must always respect the market!

001CP
1
001CP Feb 06, 21 2:09 PM

Absolutely, I have the same problems all the time. I think it gets better over time but it's just a process that all of have to go through. Just enjoy the ride and I'm sure your gains will continue to increase each month as you refine your skills. Keep up the good work.

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Familyguy
1
Familyguy Oct 28, 20 4:32 AM

Fine piece of writing. Thanks for your toughts!

farrelco
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farrelco Oct 28, 20 6:12 PM

Nice post. Congrats on your recent successes!

RobertStephens
RobertStephens Mar 21, 22 9:22 AM

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001CP
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001CP Oct 23, 20 9:35 PM

That’s a great way to look at it. It’s all part of the learning process. Keep up the good work!!!

farrelco
1
farrelco Oct 27, 20 4:34 PM

Yes, I'm starting to focus on the % gains.. With a small account (or any account probably) it's the best way because you build good habits. If I focus on the dollar amount during a trade, I tend to let a stock run further than I should, because I think 'ah $40 is such a small amount, I'll let it run' .. then it starts to go back and I end up getting frustrated, and even end up with a loser, and wasted an extra 2-5 hours in the trade when I could have got out with a quick single.

TessaLamping
1
TessaLamping Oct 28, 20 10:15 AM

@farrelco exactly. Good lessons to be learning! Singles add up. Thats why I like % gains not $ gains

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