How did you overcome fear of losing money? I'm fairly new to trading (6 months) I started out on the daily time frame using support/resistance and price action, but have since moved down to the 5 minute time frame as I actually feel more comfortable (ironic I know given the threads purpose)
Below shows what I mean, the two blue rectangles fitted my trading criteria perfectly, rejecting my trend-lines perfectly, and with the overall trend, yet I talked myself out of entering?
The trade I did enter (rsi divergence and a pin bar) I exited too early as I said I must be wrong and just exited...
I feel the hardest part isn't seeing the setup (I thought it would be) but actually staying in or even just entering the trade...
Below shows what I mean, the two blue rectangles fitted my trading criteria perfectly, rejecting my trend-lines perfectly, and with the overall trend, yet I talked myself out of entering?
The trade I did enter (rsi divergence and a pin bar) I exited too early as I said I must be wrong and just exited...
I feel the hardest part isn't seeing the setup (I thought it would be) but actually staying in or even just entering the trade...