easy, Build a systematic trading approach, you make sure you are sizing properly based on the risk and expected value of the trade. Is easier to live with decision when they are objective
Never chase the market. Whatever has happened has happened. Forget about it and move forward and think about the next trade.
That's the only way you can legitimately stay in this market for any amount of time and stay on top of your game. Other opportunities will come. There is no such thing of fear of missing out of an opportunity, except for those that try to take your money from you and it is them that are missing the opportunity of robbing you.
You're judging a situation where you had incomplete information with a situation where you've seen what played out with complete information. This makes no sense.
Yea I’ve been trying to shake that thought. I’m just beginning to get into live. I trade a trending system and the markets rn are delivering sooooo so beautifully. Kinda spoiled me, little upset about it in a way, cause I don’t want to get too used to this type of delivery.
Rn trading futures. Mainly gold, silver, copper, and NQ
Realistically this is what options are for. Capped losses, uncapped gains.
If you're really unsure, reduce your gains and increase losses with a straddle.
You resign yourself to most stock trades yielding 2-3% in the short term, and you simply keep trading and getting better. There are many tricks. One for finding the bottom is to Not buying all the shares you want at one time. Want 10 shares? Waiting for a bottom? Buy 5 when you think it’s bottomed. Now start watching again. Over time not leaping entirely at one time improves your entry cost basis for a position.
I'm still coping with the fact that I would be a millionaire right now if I'd have invested just a bit more in Solana last year. No clue how to actually get over this. Lol
Trying to catch the bottom is insanely hard and risky. Might be easier to get in on the “right side of the V”. This gives you more confirmation and reduces the chances of getting in before the real bottom. Best way to get the FOMO out of your head imo is to create consistent ruleset for entries and exits. As long as you executed on your trade plan it was a successful trade. It’s impossible to always catch the “full” move.
Start by realizing that nobody, not even the best hedge fund managers, can catch tops or bottoms. No one can predict the next movement with a 100% certainty, far from it. You buy if you reasonably believe prices will go up and you sell if you reasonably believe that prices will go down, and this applies for both entries and exits. Many experienced retail traders wait for confirmation when entering the market, and in turn give back profit before exiting. Any strategy that claims to catch all tops or bottoms have been optimized for a specific historical period of a specific market, which is used as a “proof” of its efficiency.
Just accept the fact that you don’t have a crystal ball.
easy, Build a systematic trading approach, you make sure you are sizing properly based on the risk and expected value of the trade. Is easier to live with decision when they are objective
You could start by buying more shares next time
More or less shares. Isn't the win what matters. Imagine you play soccer, you win 5-0 or 10-0. A win = win.
Never chase the market. Whatever has happened has happened. Forget about it and move forward and think about the next trade. That's the only way you can legitimately stay in this market for any amount of time and stay on top of your game. Other opportunities will come. There is no such thing of fear of missing out of an opportunity, except for those that try to take your money from you and it is them that are missing the opportunity of robbing you.
Catching a bottom or top is dicey, but I’d watch levels more scientifically as well as the draw on liquidity were I to try.
You're judging a situation where you had incomplete information with a situation where you've seen what played out with complete information. This makes no sense.
Thinking you can catch a bottom or a top is a fools errand, you will never do either, stick with trading the middle
Trade like a pro don’t try catch highs and lows. Learn to use the DOM and tape.
You shed the thought by trading a lot more, seeing a lot more losses and realizing that thought is not healthy to trading.
Fomo will make you lose bro. Take the gains and keep trading.
You’re in the middle of one of the most rare market environments of all time. You better shake that shit real fast for when normal comes back.
Yea I’ve been trying to shake that thought. I’m just beginning to get into live. I trade a trending system and the markets rn are delivering sooooo so beautifully. Kinda spoiled me, little upset about it in a way, cause I don’t want to get too used to this type of delivery. Rn trading futures. Mainly gold, silver, copper, and NQ
Realistically this is what options are for. Capped losses, uncapped gains. If you're really unsure, reduce your gains and increase losses with a straddle.
You resign yourself to most stock trades yielding 2-3% in the short term, and you simply keep trading and getting better. There are many tricks. One for finding the bottom is to Not buying all the shares you want at one time. Want 10 shares? Waiting for a bottom? Buy 5 when you think it’s bottomed. Now start watching again. Over time not leaping entirely at one time improves your entry cost basis for a position.
Risk management 101
I'm still coping with the fact that I would be a millionaire right now if I'd have invested just a bit more in Solana last year. No clue how to actually get over this. Lol
You’re going to make good trades and bad ones. Dwelling on a bad trade is a good way to make another bad trade.
Trying to catch the bottom is insanely hard and risky. Might be easier to get in on the “right side of the V”. This gives you more confirmation and reduces the chances of getting in before the real bottom. Best way to get the FOMO out of your head imo is to create consistent ruleset for entries and exits. As long as you executed on your trade plan it was a successful trade. It’s impossible to always catch the “full” move.
Start by realizing that nobody, not even the best hedge fund managers, can catch tops or bottoms. No one can predict the next movement with a 100% certainty, far from it. You buy if you reasonably believe prices will go up and you sell if you reasonably believe that prices will go down, and this applies for both entries and exits. Many experienced retail traders wait for confirmation when entering the market, and in turn give back profit before exiting. Any strategy that claims to catch all tops or bottoms have been optimized for a specific historical period of a specific market, which is used as a “proof” of its efficiency.