I’ve been getting out of positions way too early.

My positions have been correct a good amount of the time recently. I’ve made decent money on them, BUT my problem is im getting out too early and missing out on much more potential profit.

Specifically, I’m exiting based on fear of other technical factors such as support, superstock moving average, short squeeze, etc. After studying the charts, had I just waited for an opposing no volume test to pass before exiting instead of doing so on a whim, I would have stood to made thousands more dollars. 

Bottom line is, I’m trading on emotion instead of based on volume and price. Stop that!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s