Quote from: geegaw on May 16, 2021, 01:37:53 PM

Quote from: GreatArkansas on May 16, 2021, 08:39:24 AM

Quote from: desmodiAN on May 15, 2021, 09:20:28 AM

a. price went +20% up, we dont sell.

b. price went -25% down, we sell.
(....)

From what can I see here. It is just showing that a trader doesn't have a goal or plan before entering a trade. I already experienced this like in the scenario I am catching a dump and longing it without planning at all.
In that case, you entered on a trade without stop loss or a price target for that trade, which is really bad practice for a trader.

You are right, just looking at the numbers above, it is enough for us to evaluate the potential of an investor and a trader, a newcomer will always be in such a situation, even some people are stubborn with old concepts, they also often don't know how to sell at the right time and persist with greedy thoughts. Objectives should always be available, from profit to stop loss, chasing a bigger profit and a wrong guess is something many traders do but they didn't know this would bring a bad result

This is one of the major area which has been a setback to my trading, I closely watched a profitable trades which are already 15% to 20% in profits hoping to earn more profits dropping down to -10% , I couldn't control my emotions and greediness, I need to be disciplined and stick to a fix profit no matter how small 'a bird in hand worth two in the bush' there are instances when an already losing trade becomes profitable after I had close it with a loss, I hope to improved on these trading anomalies.