How I Became Such a Great Trader ;-)
SD Trader left this comment this morning:
I appreciate the overview of your daily trading. It appears you have quite the set up over there. How long did it take you to start trading successfully (and consistently)? I have tried to look this one up in the archives but it appears once you left your old job you have just always been great, even though you are still getting better. I wish you continued success and I am trying to learn from you as I have been reading for several months now.
I have a problem though and it is killing me. I have had several nice gains but I am not good at losing. I tend to move my stops and hold onto falling stops. For some odd reason the further down it goes after this mistake the longer I hold…you can see the cycle here. It is a painful lesson to learn as just two of those losses put me back to break even after a long decent trading run.
Do you have any advice on how I can kick my addiction to falling stocks?
Like I said this morning, I could write a book in response to this but I’ll try to keep this brief. First, I certainly wouldn’t say that I’ve ever been a great trader. What I have been, for the most part, is disciplined. But I’ve had my slip-ups and challenges and there are plenty of examples of that in the archives. Just a few of which are:
tagged: Discipline, psychology, Trading_Affirmations, Trading_in_the_Zone, Trading_Results and Trading_Rules
