Post
Topic
Board Trading Discussion
Re: Sold too damn early!! Kicking myself...
by
SvonioneFromMangoCoinz
on 09/08/2019, 06:19:35 UTC

 
Here's my plan to do better:
 
1. Continue journaling every trade.
It's kind of a pain in the ass, but SO valuable.
I journal my entries and my planned profit/stop loss.
 
2. Take it one step further.
I write down why I bought in the first place.
What did I see that looked so juicy?
 
3. If I want to sell early...
I have to be sure I can write down what changed.
What new information did I see that made a difference?
If I can’t, then I stick to my original plan.
 
Tweaking my strategy and holding myself accountable is how I continue to raise the bar.
If you don’t have a trade journal, why the hell not?

I think you need one more step.
4. DECISION TO IMPLEMENT THE RIGHT PLAN
This is the most difficult step in 4 steps, because I have made such great plans, but I often fail to do so because of the impact of FUD or FOMO.
keep your mind calm and steady.