You see the stock climbing ... and you are Long.
Wonderful!
But ... what happens, when you are in the wrong position?
What is the Lesson of Day 2?
There are moments, where you can't wait. You want the money. Immediately.
What happens?
You sell the stock and feel good about the 3,5 pips, you've gained.
... and 10 minuten later: 15 pips more!
Why people can't wait for the big money, when they have small winnings? Because they need the small money.
You have make your brain free, before you start trading. Don't cheat on your system and make the trades, like it says - and not, what your heart, your stomach or whatever tells!
Wonderful!
But ... what happens, when you are in the wrong position?
What is the Lesson of Day 2?
Give the stock the time, it needs. Trading is not horserunning - you don't have to be the fastest!
There are moments, where you can't wait. You want the money. Immediately.
What happens?
You sell the stock and feel good about the 3,5 pips, you've gained.
... and 10 minuten later: 15 pips more!
Why people can't wait for the big money, when they have small winnings? Because they need the small money.
You have make your brain free, before you start trading. Don't cheat on your system and make the trades, like it says - and not, what your heart, your stomach or whatever tells!
