I track my trades in a spreadsheet: Every time I have a loss on a trade where the price action puts me in the profits more than once and ALSO displays that it is probably topping out and I FAIL to get out and then take a bigger loss I simply put a * by that trade.
SO, in short just say I would've listened to Tim's voice in my head on these five trades saying GET OUT NOW......
And suppose I would have only made $10 on each of these trades, instead of losing:
aphb -110 loss
dpw -176 loss
arwr - 13 loss
mysz -259 loss
spi - 80 loss
I would be about $688 richer
Not much I realize, but I have identified that my mindset is flawed and that is costing me money. Sometimes I think, I do not want to take this small gain because I don't wanna scalp, but in each and every one of these trades, it would have been smart to get out especially when I was in the green no matter how small.
I have identified my #1 problem, wanted to share, maybe this will help someone, my plan is simple: recognize a failed spike, get out, move on...