Okay so it seems a lot of people got stung from IAM in the past two sessions. myself included. Average buy in for me is 3.2 so still in the green, still hurts however.
Anyone have any tips on TIMING YOUR EXIT? Not strictly tips of timing your exit on a FA/TA/trading pattern basis, more so on a psychological basis.
I've only been trading for around 18 months but I have been bitten quite a few times on watching 200% profits turn into 80% profits and kicking myself. Obviously hindsight is wonderful, however I'm often finding myself waiting for something to bag 5x,6x,7x + and getting frustrated when it doesn't come off. Why am I never happy with a 30-80% gain and how do I change my ways?
Short Term trading Week Starting: 19 Dec, page-87
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