Improving my Trading Mindset
How do I train my trading mindset?
By setting a goal for gains and loss, I maintain a disclipine method of ensuring when I will buy in, hold and sell.
My first investment was $Tesla(TSLA.US$ which I bought at 955. Being new in the market, I set a target of ~150 and took profit within a week at 1,115.
By setting a goal for gains and loss, I maintain a disclipine method of ensuring when I will buy in, hold and sell.
My first investment was $Tesla(TSLA.US$ which I bought at 955. Being new in the market, I set a target of ~150 and took profit within a week at 1,115.
Throughout the week, the price went down and I overcame emotional selling and entered at 890. Today, $Tesla(TSLA.US$ is trading ~1K and I never regretted entering.
Although it is now going down trend, I do not panic sell and continue to dollar average.
By keeping a disclipined mindset, I hope to make good investment choices while improving my mindset:
Although it is now going down trend, I do not panic sell and continue to dollar average.
By keeping a disclipined mindset, I hope to make good investment choices while improving my mindset:
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