The greatest mistake I have done this week is to allow my winning trades to become losing trades. To add salt into my wound, I bottom fished. Oh boy, it will be a tough one to handle. One big profit are eaten away by many small loses.
Time to stop trading and analyse my mistakes.
2 comments:
You will learn that no matter how big or small a profit, it is still a profit
If you dont take what the market give you , you will pay dearly .
You should take advantage of the price fluctuations , sell -profit-Buy again strategy
when it swings your way... If not , just re-enter on a higher level and hope it will swing higher or just wait for it to swing your way or try other counters.
Bottom fishing is a frustrating exercise... forget about it.
You can never buy at the very bottom...Give up that thought..
When you trade, your emotions cloud your rational thinking.
When you make a loss, you will see your mistakes..
Better to wait for confirmations of the Support level before entering..
Buy high selll higher is much better..
you should know what time to enter and what time to exit. and the price to ener and exit. this is the key to be success. i still practicing it....
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