My biggest struggle is revenge trading - I can have a $200-300 win day and be fine and walk away, but then I get a loss and try to make up for it and suddenly I'm down $700 and erased a strong week... I see time and time again I can just wait until the next day. Ive been getting better, though!
My number one moment is thinking the portfolio is "too risky" - I hear that a lot and end up second guessing, but that risk can very much lead to much bigger rewards, especially in the long run (as long as you know what you're doing!) Also, I was on vacation last week so I was unable to get on live - caught up at work and now catching up on learning for my future!
I so appreciate everyone that took the time to wish me a happy birthday this past week :) It doesn’t go unnoticed! I’ll continue to do my best to give you all the day trading education you need for the one time cost of…FREE 😉
Trading can be hard. Losing is most definitely a part of the game. Sometimes it’s fun to poke fun at our reactions to losses. What is the craziest thing you do after a losing trade?
Revenge trading was very much used with paper trading - "Really? Barely stopped out before it took off? Guess I'll immediately risk 3000 to more than make up for it." Now I'm on my EA with 53035 (3 more trade days and I pass!), and when I lose a trade I saw "your supposed to lose sometimes" and I close out of trading for a minimum of an hour. Try to come back and see if I did something wrong or if it just didn't go as planned.
Actually I wasn't sure about that so I double checked - apparently I didn't need to have 7 days of trading with the current deal/sale on APEX - I have been approved for a PA!