Lessons learned:
- Stickly set stop loss just after placing the order. Set bracket order. Do not let ego or emotion block my decision.
- Either reduce the position size or set maximum dollars loss for one trade $50/ trade; $200 maximum on a day or on a stock, maximum weekly loss on stock as well.
- Read the book - Douglas book about trading in a zone - Learn more about emotions and ego
- Do not trade QCOM after D chart QCOM falls below EMA 50. The stock can go down a lot and no one can predict.
- I have to learn how to discipline myself. That is most important thing to do whne I place an order, what stock to trade, and when to trade, position size etc.
- Loss in the four trades - I did spend time to review the results, and then found the issues I had.
- I just continued to place 4 trades in a row, loss $121, $127, $148, $227, in total: $623 US dollars
- I need to review the blog, or search Google:
How can we overcome our egos and become better traders
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