hindsight

Researched the stock, guaged sentiment, identified a trigger point.Bought stock @ 1.48 seeing it rise to 1.60 and today dropping rapidly thru my stop loss(7% from cost price). In an effort to protect my capital,exited the trade for a 13% loss only to watch it rally to a close of 1.48. In hindsight it think I placed to much emphasis on the overnight commodity prices(over reaction). Sometimes I think I watch the market too closely in the opening hour. Or didnt place enough trust in my initial analysis. Or sold into a panic situation.
Either way I will try and learn to maintain self belief.

I have just finished reading " Its when you sell that counts" by Donald Cassidy. In the rear of the book he has a reference to Charles Ellis, How to win the Loser's game , with a note "setting reasonable rules to help overcome emotion and illogic".
Emotionally stable traders please fell free to contribute any thoughts on overcoming emotions.


Regards