Most of my red days are from me holding too long and not minimizing my losses and then on the green days I tend to hold too little and not maximizing my profits.
I’ll be honest I don’t really know what i’m doing, but I’m trying to learn and don’t know what to do because ever since this year started i’m starting to lose all motivation to trade…
For context, I started with 420 dollars In october and slowly made my way up to 8,000 dollars by the end of december… Then I had one really bad red day where I lost 2,000 and ever since then i’ve been revenge trading and i’ve lost a total of 6,000 dollars. I don’t want to blow up my account so i’m looking for some real advice on how to fix my trading psychology.
I feel like my problem is that, i’m trying to go
for big runs and i’m avoiding the small profits in hopes to make all my money back in a few trades. When I got myself up to 8,000 I was sticking to my strategy and was fine with any profit as long as the day ended green and now i’m doing the complete opposite.