Many of us make the correct decisions when trading the markets. We identify the right stock, we trade it in the right direction, we have a prime entry yet we get shaken out because of fear. This term is called having Weak Hands, not being able to stay the course in the presence of a fake out or volatility.
Fear is a survival instinct however it has no place in trading the markets because there are no Lions chasing us!
All jokes aside, the solution to overcoming getting shaken out is to:
- adjust your stop and make sure you have enough padding in case of a reclaim
- monitor your breathing
- listen to your gut
- don’t focus so much on your P/L and focus more on trading smart
To Your Success,
Kevin Michaels, Founder
Winner’s Edge Stock Trading