Hi all, I know a lot of people have trading journals here...I'm going to keep a thread of the things that I've learned in my first few weeks of trading.
1) Use stops not only to stop losses but to protect gains. If you have a sizeable unrealized gain and you don't want to lose it, PUT A STOP IN....trailing ones are fine.
2) If you think you have a good intuition, trust it. There's few things worse than saying 'Oh I wish I bought/sold....' after you thought about doing it the first time before the big move.
Any other contributions??
1) Use stops not only to stop losses but to protect gains. If you have a sizeable unrealized gain and you don't want to lose it, PUT A STOP IN....trailing ones are fine.
2) If you think you have a good intuition, trust it. There's few things worse than saying 'Oh I wish I bought/sold....' after you thought about doing it the first time before the big move.
Any other contributions??