Who knows if this thing will melt down today, to me it is holding up too strong to be patient with at the moment
Max Franklin retweeted
“Two elements must therefore be rooted out once for all, – the fear of future suffering, and the recollection of past suffering; since the latter no longer concerns me, and the former concerns me not yet.” – Seneca
Max Franklin retweeted
If a normal human stops out and re-enters even *twice* in a row, the risk of tilting is *ten* times as great. Do NOT pursue a low win-rate method.
This is the perfect example of why I hold almost all my position until my PT. If I took some off near that first fall before the bounce, then I would of made about 30% avg instead of 42% avg gain. You gain more R holding of these winners than you do taking partials in long run.
You may not want to do it but that's what trading is. You have to counter act your emotions and do what doesn't feel right. That means cutting you losers quick even though you FEEL it may come back or holding your winners even though you see profits and you want them NOW!!!
For me personally I don't believe in scaling out. One or two shots for the entry and then hold everything until your price target. Like do you not trust your experience? Selling early causes you to have the least number of shares when you are the most in the green. #HODL




























