Topics Discussed
- Focusing on Two Stocks Every Morning (Quality Over Quantity)
- Taking a Starter Position to “Get a Feel” for a Trade
- Scaling Into Trades
- Minimizing Losers and Maximizing Winners
- How to Plan Better Entries
- The Risk/Reward Ratio Traders Should Aim For
- Losing Money vs. Ignoring Your Rules
- Mentally Managing Losses
- Dealing with FOMO
- Not Fighting Trades
- Managing Mental Real Estate Efficiently
- The Importance of Patience
- Avoiding Overconfidence and Allowing Yourself to Be Wrong
- The Dangers of Being Rewarded for Recklessness
- Verbalizing Your Trades
- Knowing When NOT to Trade
- Battling Stubbornness
- Letting Other Traders Be the Guinea Pigs
13:45 – 14m Question is top stuff, Alex – Perfectly articulated – That point at which its “do i stick with my plan and just let it play out?” or “based on ‘feeling’ maybe should i cut this know, and if i miss, i miss”…
My biggest problem is not getting in and just watch it do what I thought it would. Sometimes I’m glad I didn’t get in but 75% of the time I’m not
Omg me to, my demo
Account is up 3000-4000 everyday and my main account 100. 😩
My concern is staying in a position too long. Start green and end red. When I don’t stay in a trade, my position usually goes in my intended direction. Or getting in a position too late. I can find good tickers to buy, but when I get in a few bars late….it doesn’t end well. Lol