InControl
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RIGHT STOCK BAD ENTRY
One challenge I have found is to remain patient when I do not get the entry I want. today happened to be a day when I did not get filled for the price I wanted ( and the price I knew was the right place to buy.) Rather then simply letting go and waiting for another opportunity I jumped in (remembering a similar trade yesterday went up 3 times past the first big move.) This however was a impatient decision and was against my trading plan. As you may guess it cost me. The stock took no time to fall down leaving me with only the pieces to pick up from a losing trade. lesson review:
1. Be patient to take your entry.
2. A missed good entry is not a reason to chase for a bad one.
3. Forgive yourself for your mistakes.
4. Remember your lessons.
One challenge I have found is to remain patient when I do not get the entry I want. today happened to be a day when I did not get filled for the price I wanted ( and the price I knew was the right place to buy.) Rather then simply letting go and waiting for another opportunity I jumped in (remembering a similar trade yesterday went up 3 times past the first big move.) This however was a impatient decision and was against my trading plan. As you may guess it cost me. The stock took no time to fall down leaving me with only the pieces to pick up from a losing trade. lesson review:
1. Be patient to take your entry.
2. A missed good entry is not a reason to chase for a bad one.
3. Forgive yourself for your mistakes.
4. Remember your lessons.
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Trading is tough. Most everyone has lost money at some point and has had regrets. You may have made a bad entry or did not cut losses soon enough. When a good trade is made but maybe the stock went for even more profit the temptation is to kick yourself for getting out to early. (such as this trade.) the word for today is just relax of course it is not perfect enjoy the moment. You won! I hope this helps you today.
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$BitNile Holdings (DPW.US)$had some nice trades today. (+ .31 per share) how did you do?
Did any one get burned on this one? post you +/- and let me know. (thankfully I was out before the slide down. +.20 per share) $Akers Biosciences (AKER.US)$
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InControl
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$NovaBay Pharmaceuticals (NBY.US)$this is insane, did anyone pick it?
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InControl
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InControl 楼主 Sidebiz : So true! Once in a while I see a stock come back after letting go but the exception proves the rule.
InControl 楼主 InControl 楼主 : now I have this song in my head...
InControl 楼主 curtaincall : @curtaincall Well said. Some really great thoughts there. letting go of bad trades is important but equally important is like what you alluded to letting yourself be ok with mistakes forgive yourself get up, dust your self off and go be successful!
InControl 楼主 BeardedTaco : Well said! some really great thoughts there!