i live in Arizona and also the Alps (border of Switzerland and Italy) where my family is from. i trade US market only, i started trading stocks (VOD, CVX, AWR) March 2013. i did pretty good for the first month, but then I had one bad trade (entered too late and exited too early) and ever since i have "fear of losing, missing out, leaving money on the table or being wrong."
I have serious need of learning how to let my trade play out without succumbing to the first drop in price! I'm hoping this forum will help me overcome my fear and learn more about trading exits and entrances.
walking, nature
- Real Name
- Monique
- Occupation
- beginning day trader
- Country
- United States
- Gender
- Female
- Trading Experience
- Less than 1 Year
- Trading Work Status
- Full-Time (Home/Office)
- Preferred Trading Style
- Day Trader
- Preferred Market Regions
- US
- Preferred Markets
- Stocks
- Preferred Forex Currencies
- CHF
- Preferred Stockbrokers
- Fidelity
- Preferred Forex Brokers
- CMC Markets
- Favorite Trading Tip
- Gap n go method works for me in setting a good price for entering a trade. It's exiting that is harder, but what has always worked for me was to set my expectation of profit for the day of $200 and set my exit to stop there. (Unfortunately, lately I have not been following my own advice, and to my own demise!!) But I think for a beginning Day Trader this $200 or even $100 goal works well, until I really know what I am doing. (I use about $30k to trade with). It's not just $200, if done every day that's $1k per week!
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You've been registered here for a year, congratulations!
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