Trading Psychology: Winning little, losing a lot.
#trading #psychology #problems #solutions #investing
Problems:
- If you win little, when you win: Fear of letting your trade run.
- If you lose a lot, when you lose: Wounded ego, fear of accepting that you lost. You don't execute your Stop Loss.
Solutions:
- Be clear about the reasons for entering the trade, with strategies previously proven effective, and a clear exit plan.
- Keep a trading journal that allows you to easily see if your set of trades is profitable, considering the average result of winners and losers.
I use the trading journal feature at www.huuii.com (https://www.huuii.com/site/huuiimx/3808 )
Happy trading!