As I’ve learned more about patterns, indicators, channels, and trading in general, I sat down and reviewed my trades. My “rookie habits” I’ll call them almost took me out of the game. In saying that, here are a few of the mistakes I have learned from:
(1) Absolutely no FOMO! Don’t enter a stock when it has popped up but rather enter at or near the floor. If a stock has gone up it will almost always pull back to allow a point of entry.
(2) Lock those profits! Instead of staying glued to the screen, trying to sell at the top and panic selling when it starts to drop, set a personal profit margin and stick to it! So much peace comes in learning this one.
(3) Don’t hold onto hope that a stock will go back up. Two closes below your floor, get out. On several I watched and I waited only to result in a bigger loss.
(4) Ride the wave. Again, lock profits, stock pulls back, re-enter. Rinse and repeat.
(4) Ride the wave. Again, lock profits, stock pulls back, re-enter. Rinse and repeat.
Thank you to @RadioSilentplay @hustle2015 and @CPNorth for teaching me how to be successful. As a result of your teachings, I trade with dry hands and a plan. I have gained back my entire capital and this girl is all profit! #RSP always
I am in Barbados

