Hi all ,
I am facing some mental issues when I trade , I need help from all of you to guide please do respond.
I have been a long term /short term investor in the market since 5 years.
Now I want to do some intraday . I have developed some strategy and paper traded it for 2 months . I feel confident about it. But today when I traded it Initially there was a profit , but suddenly I saw it in red I panicked , my BP became high (Although the loss was only 100 bucks ) and I made a distress sell only to see it back in green in 5 min. and ultimately yielding handsome profit.
I had targets and loss fixed in my mind. But some how when I saw red in my Net Position book I panicked .
How should I overcome it . Also whenever I am in trade I do not want to switch window from my Net Position .
Shall I quit trading (I am having some other source of income too) , Is it not My thing ?
Or shall I commit a certain fixed small capital and plunge and see how my strategy performs , till that capital ends .
Help is appreciated please.. Pros like SG , DAN , AW10 ..please respond ....
I am facing some mental issues when I trade , I need help from all of you to guide please do respond.
I have been a long term /short term investor in the market since 5 years.
Now I want to do some intraday . I have developed some strategy and paper traded it for 2 months . I feel confident about it. But today when I traded it Initially there was a profit , but suddenly I saw it in red I panicked , my BP became high (Although the loss was only 100 bucks ) and I made a distress sell only to see it back in green in 5 min. and ultimately yielding handsome profit.
I had targets and loss fixed in my mind. But some how when I saw red in my Net Position book I panicked .
How should I overcome it . Also whenever I am in trade I do not want to switch window from my Net Position .
Shall I quit trading (I am having some other source of income too) , Is it not My thing ?
Or shall I commit a certain fixed small capital and plunge and see how my strategy performs , till that capital ends .
Help is appreciated please.. Pros like SG , DAN , AW10 ..please respond ....