BlogApril 29, 2020Michael Covel

“Winning big can sometimes be as scary as losing. That’s the mindset I’m working hard to overcome…”

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Biggest challenge with trading: Becoming less emotionally tied up with my trades. Trying to resist checking their progress every 2min rather than just letting the process play out. On winning trades: I have a tendency to set trailing stop losses too close, so that a quick reversal in price leaves me stuck with a moderate win instead of a potential “monster”. Caused by not wanting to give any of my winning positions back to the market. I know it’s wrong, and the situation is improving, but my conservative tendencies are leading to a low risk/low reward scenario. Winning big can sometimes be as scary as losing. That’s the mindset I’m working hard to overcome.

Thanks
Mark

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