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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Susan Saline who wrote (574)2/23/1998 2:30:00 AM
From: Tai Jin   of 2120
 
Sue, I too have had (and continue to have) that problem. I usually end up selling for a big loss after a protracted period of anguish. Now if I had only sold early, I could have cut my losses. The suggestion of putting in an exit point at the time of the trade would make it easier. It also reduces the mentality of not willing to admit that you made a mistake since it will be automatic. I think trading is 90% psychological and 10% technical. The techniques are easy compared to the mental discipline that's needed to trade well.

...tai
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