Home > Articles > Volume 20 (2002) > Chapter 10 (October 2002) > V. 20:10 (48): Q&A by Don Bright

V. 20:10 (48): Q&A by Don Bright

V. 20:10 (48): Q&A by Don Bright
Item# \V20\C10\108qa.pdf
$2.95
Availability: In Stock

Product Description

Q&A by Don Bright

TRADING DISCIPLINE

I am a new proprietary trader about seven months in. I have started moving up the learning curve, but my biggest problem is discipline. I have great entries and I feel I have developed an intuition for when something is going to move; my problem is holding on to money and sitting on my losses. For example, today I had three great trades. My problem began when I traded a stock for the fourth time and was up another 0.25 when it started to rally against me. I could have easily gotten out with a profit but I decided to sit a little, and ended up giving back $400.

Next I saw a short seller (150,000) stepping down. I was about to bid out when he spread the offer up to some ridiculous price, and that’s when I froze. I ended up losing a full point on 1,000 shares.




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.



Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
    • Click Here to Order