Feedback in:
The biggest challenge I face is placing a trade after I had a losing streak. I tend to talk myself right out of trades, leaving me wondering if I ever knew what I was doing to begin with. There’s always this paralyzing nervousness that prevents me from clicking the order button. I also tend to hope on losing trades, but I have gotten better at being disciplined in letting the stop loss hit (instead of moving it back).
Regards,
Sivasweatha U.
You need a system. You need:
• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.
See my FAQS below.
Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course