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Unique wrote:A little into trading psychology about the week I had and thought it could help others that are in similar situations:
Today, I just realized I missed out on a riding 1000% gain on GOOGL and settled for a
double earlier this week. Context: I longed both AMZN and GOOGL around 9:40 on Monday and
took majority of profits on both when it doubled by Tuesday, I kept 1/10 of initial AMZN riding until
Thursday. I vividly remember when these situations often occur a few years ago, I would become very
moody or/and lose sleep over these types of things. It’s important to take a step back and realize,
trading is a life long journey of continuous improvement and learning while being disciplined and
following your own rule sets. You can’t realistically squeeze every dollar out of every trade you execute,
therefore it’s a waste of time to keep thinking about it. It is what it is, accept it and move on. There’s no
looking back for trading, especially if you’re a day trader like me. Life is too short, gonna enjoy weekend
with friends now. Peace out and have a great weekend all!
triangle? continuation pattern in theory but nowadays mostly reversal pattern.
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Unique wrote:A little into trading psychology about the week I had and thought it could help others that are in similar situations:
Today, I just realized I missed out on a riding 1000% gain on GOOGL and settled for a
double earlier this week. Context: I longed both AMZN and GOOGL around 9:40 on Monday and
took majority of profits on both when it doubled by Tuesday, I kept 1/10 of initial AMZN riding until
Thursday. I vividly remember when these situations often occur a few years ago, I would become very
moody or/and lose sleep over these types of things. It’s important to take a step back and realize,
trading is a life long journey of continuous improvement and learning while being disciplined and
following your own rule sets. You can’t realistically squeeze every dollar out of every trade you execute,
therefore it’s a waste of time to keep thinking about it. It is what it is, accept it and move on. There’s no
looking back for trading, especially if you’re a day trader like me. Life is too short, gonna enjoy weekend
with friends now. Peace out and have a great weekend all!
Good perspective.
This is a good example of the very human construct of regret and how to not focus on it.
How many, "if I only..." are we as traders faced with on a daily/weekly/annual basis? Post -trade, it's one thing to review to see if a mistake was made and if so how to not make that mistake again. However, it is a complete waste of emotional capital to beat oneself about the head and shoulders for not fully optimizing every trade. Nobody knows what the next second will bring and as long as a trade colors within the lines of ones rules, just go onto the next.