I am in the consciously incompetent category but getting better. Unfortunately my account took a dive this week on Wed…a few people experienced that from what I read in the Forum. I know in my case, as I was trading on Wed morning, I began to feel uncomfortable with my size and number of trades. I sold most at a smallish loss ( had a few profits) but happy I sold at this point in hindsight. I know if i was not too big in size on some of the trades that I would have felt more comfortable holding them longer and able to take an even smaller loss or for break even the next day, but who can predict that. I decided to paper trade these past two days. It gave me much more clarity and along with your lesson tonight it was perfect timing. Thank you Dan 🙂
I am in the consciously incompetent category but getting better. Unfortunately my account took a dive this week on Wed…a few people experienced that from what I read in the Forum. I know in my case, as I was trading on Wed morning, I began to feel uncomfortable with my size and number of trades. I sold most at a smallish loss ( had a few profits) but happy I sold at this point in hindsight. I know if i was not too big in size on some of the trades that I would have felt more comfortable holding them longer and able to take an even smaller loss or for break even the next day, but who can predict that. I decided to paper trade these past two days. It gave me much more clarity and along with your lesson tonight it was perfect timing. Thank you Dan 🙂