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Waiting for break-even- Stop listening to that little voice in your head, the one that says 'as soon as this trade gets back to break-even, I'll get out'.
Negative mind-set - I always....I never....I will never again.. This language is emotional sewage to your mind, yet many traders do not know how to stop these thoughts.
Adjusting stop losses - I planned to close this trade if it went below.....but maybe another 25 cents.
What If - What if I take my profit now and the price continues to move up? What if everyone else buys this except me, and then it makes a huge killing but I didn't get in. What if I hold this just a little longer, then I will have enough profit to buy that new....What if I never get any better at this!
Fellow investors;
There are limitless emotions that keep many investors from realizing their full trading potential. One of the worst decisions you can make is to allow this negative mind-chatter to loop endlessly in your head.
The reason you can't stop it is two-fold. First, it takes discipline and practice to replace negative emotions with positive ones. Persistence and practice is the only way to tackle self-sabotage. Second, confidence that your stop losses are accurate.
Stop Loss Strategies & Techniques
take you step-by-step to correctly and confidently set stops.
Reduce your stress when it is time to pull the plug on a bad trade.
Give you the ability to quickly see price targets.
Spot important resistance levels.
Identify logical points that tip you to the end of a downtrend.
Close out profitable positions before they reverse against you.
Eliminate bad trades.
Avoid rookie mistakes.
This small inve
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