Shared by
Kelly-Ann_BOWS
got in long and the stock stayed flat. got scared and sold all my shares. should have let the stock play out. wondering how to not get scared out so easily.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-24 14:54:55 | KS | buy | $31.820 | long |
| 2014-07-24 15:03:25 | KS | sell | $31.820 | 0 |
Comments
Alvan_BOWS
31.60 was ideal entry. Trust your setups. If its good enough to enter, its gotta be good enough to follow through. Decide before you enter what you are willing to lose, and accept it. If you can't accept the lose before you enter, you will always be scared. You have to know your limits. Take smaller pos size, turn off P/L, do whatever you have to do to take your mind off the money, and focus on the art of the setups. The money will take care of itself. Know your entries, know your stop loss, know your targets. All of these should be known before you ever enter a trade. Don't micro manage every tick to the point where it scares you out. Easier said than done I know, but thats what the simulator is for. Stay with it, you will get better.
Kelly-Ann_BOWS
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I don't usually comment when you've already tagged for bowsreview because they know a LOT more than me about this. :) I actually wrote a novel here, but decided to condense it thusly .... decide what you scared of and see if it actually is in your control. Find proper setup, manage risk, and manage trade appropriately. None of that sounds like you need to worry about the result to me. Hope that provokes helpful thought.