A blog about trading and investing (stocks, ETFs, forex, crypto), with some outdoor activities.
You're really good at stayin' in the flow of the market. Thats one of my main challenges right now.Is there anything you keep in mind that enables you to keep takin' trade after trade w/o getting psyched out?
Well, I remind myself that no one ever trades without any losses, and as long as the loss is "normal" then I can let it roll off my back.The #1 thing that helps me the most is my belief in Jesus because "the steps of the righteous are ordered." I also always remind myself of a quote from king solomon (which can be seen at: http://huntingtrader.blogspot.com/2009/08/trades-for-8-7-09-and-weekly-total.html) It's a very good view on life, and the more I remind myself of it the more level headed I am.
hey stockhunterso you dont' have a max loss per day rule? and when you're up when do you call it a day? thanks
My max cut off for a day is -6%. I may stop trading when I hit a loss of 3-5%, but my highest cut off level is -6%.I'll usally start to take it easy once I'm up 1-2%, my cut off on the up side is about 4%-6%.
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