Hi Lake,
I think I came to realize something interesting about my trading today. In the last few months when I made a day trade, I always felt like I had the right instinct and TA but not the stomach to wait out the move. Today, and the last few days, I've been cutting my trade size down in half and in some cases quarters. It's allowed me a better comfort zone to let a trade go the direction I thought, without having to bail out to soon or just before the turn started. In other words, instead of trading maybe 2000 shares, I've cut it down to 1,000 or 500 and it's allowing me to feel so much more in control. Today I made four trades. Three were for gains and one was breakeven. Two of the four turned against me quickly, but with just a bit of patience came back and went positive. Probably worth mentioning that all 4 trades were BRCM, and two were short and two were long.
Just thought this info may have some bearing in your classes.
Jeff |
