Hi Traders ..
I day trade equities and my problem is " Profit / Loss MGM " . usually 7 / 10 scripts my analysis is correct . I have a good entry strategy . The problem is when the stock falls or rises after my entry i exit too early (with just 1-2 pts) fearing that my profits would get eaten up anytime . The realty is it heads further 5-8 pts in my direction leaving potential profits . This is going on since 4-5 months and I dont know how I can overcome this habit . Pl Traders guide me with suggestions .Not able to grow profits . Hope this thread helps other newbie traders too .
Thanks
I day trade equities and my problem is " Profit / Loss MGM " . usually 7 / 10 scripts my analysis is correct . I have a good entry strategy . The problem is when the stock falls or rises after my entry i exit too early (with just 1-2 pts) fearing that my profits would get eaten up anytime . The realty is it heads further 5-8 pts in my direction leaving potential profits . This is going on since 4-5 months and I dont know how I can overcome this habit . Pl Traders guide me with suggestions .Not able to grow profits . Hope this thread helps other newbie traders too .
Thanks