Trading can be easy if you know the patterns and know your risk vs rewards. But what comes into play now is trading psychology. EMOTIONS! You have to and I mean HAVE TO, keep your emotions in check. Trading with emotions can kill your account. So I will be working on keeping my emotions on check these next couple weeks. Will start by putting my PnL off my screen. I sell a lot of stocks way too quickly, the reason behind that is I watch my PnL when I am in a trade. When I see $50 to $100 bucks, I usually sell. Another thing I need to work on is going into a trade with a plan! By plan, I mean knows what targets you will be aiming for and also a stop loss. I usually go into a trade just because it is moving but without having a stop, you can really destroy your account if the trade goes against you. So I will be watching a lot of videos about trading psychology and will be posting what I think are good videos on my blog! Hopefully this helps some of you!
PnL for the day!
Here are my Stats for the day! - You can see that I have only been trading the first two hours of the day. That is only because the market slows down after 11:00 CST. Then I usually go to work or get ready for work.
Winner of the day!
$KPTI - You can see a nice intraday flag for KPTI. I went in long, and sold all my shares. Then on the pullback, I went long again, then added. Then sold the rest of my shares after passing $400 on my PnL.
Nice blog man! you're on for success...
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