I read this last night from The Psychology of Money by Morgan...

I read this last night from The Psychology of Money by Morgan House -

"The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.”

and I immediately thought - That's me staring/analysing a chart for something I purchased which started as a day trade, morphed to a short term trade and is now long....

Today I sold the stock in question - I'm telling myself I'm not worried about it and I need to move on and I think I'll be ok because of the relief I felt the minute I sold.

Lesson: - Risk management - stop losses are crucial especially for beginners.