August 24, 2020 HOW TO OVERCOME A $7,000 TRADING EXPENSE 1. GO FOR A WALK (TAKE A BREAK) I know this may sound silly, but you may need to remove yourself from the situation for a minute. Depending on your level of trading (i.e. day trader, swing trader, long-term or short-term) your break will vary in time. Some people have the ability not to get emotional about the trade and immediately make the next trade, but most new traders (whether stock, options, futures, forex, crypto, etc.) haven’t built the mental & emotional discipline to take a big loss on the chin. I know in my trading journey it used to take days for me to get over a bad trade where I would lose a large percentage of my trade (i.e. 30, 40, some 70 percent losses) and this was with a relatively small amount. So my “breaks” would take some time to get over the bonehead move I made or decision I didn’t make to stop out. Nonetheless walking away from the trading screen helps you gather your thoughts and get away fr
Stock Market is like an emotional roller coaster. Lets talk about it!