Great insights! Thanks for sharing. As you mentioned, "my rule is to hold for a minimum of 15 minutes." I have some questions:
1. Does this rule apply only to winning stocks or does it also include those going against you?
2. Do you typically set up a stop loss from the beginning? I've noticed that emotions can easily take over if stop losses are not established early on.
3. What is your percentage of capital per trade?
4. What percentage do you usually set for your stop loss?
Thank you again for sharing, and have a great day! 😊
Thanks for sharing these reflections and learnings, Austin. Great insights as always. Really appreciate your generosity in giving us a glimpse into your trading world.
Thank you for sharing this, Austin. I can imagine if you were to go back to some of your initial losses when you first started trading you would see how far along you have come in your journey. I am always appreciative of that when I evaluate losses. It is interesting to me how as humans are expectations are for linear results, when that is never the reality.
very good point. I used to wallow in the losses and be frustrated with losing. Now I understand it is just part of the process. A lot like baseball, where you need to be ok with swinging and missing often.
Great insights! Thanks for sharing. As you mentioned, "my rule is to hold for a minimum of 15 minutes." I have some questions:
1. Does this rule apply only to winning stocks or does it also include those going against you?
2. Do you typically set up a stop loss from the beginning? I've noticed that emotions can easily take over if stop losses are not established early on.
3. What is your percentage of capital per trade?
4. What percentage do you usually set for your stop loss?
Thank you again for sharing, and have a great day! 😊
Thanks for sharing these reflections and learnings, Austin. Great insights as always. Really appreciate your generosity in giving us a glimpse into your trading world.
Thanks for the write up mate. I loved your observation about traders emphasizing psychology without (sufficient) edge and 100% agree.
Thank you for sharing this, Austin. I can imagine if you were to go back to some of your initial losses when you first started trading you would see how far along you have come in your journey. I am always appreciative of that when I evaluate losses. It is interesting to me how as humans are expectations are for linear results, when that is never the reality.
My pleasure! I can say that I feel that bigger losses feels like progress ha. However I am better now at rationalising it and moving on
very good point. I used to wallow in the losses and be frustrated with losing. Now I understand it is just part of the process. A lot like baseball, where you need to be ok with swinging and missing often.