The reality is you can only control your losses. So, why not focus on it? When you enter a trade, you do not know assuming your trade works as expected, how far your stock will run up? Will it stall and reverse? That is why you need risk management to keep those losses small. Small losses can be easily overcome by large gains. That is why position sizing and stop losses should be part of your risk management portion of your trading.
Walk away for now. Perhaps drop your capital down as the numbers are scaring you. You need to acclimatise to the numbers as they grow. If you went in with a larger capital and have this fear, it's too much.
Suggestion for Cure of Loss: Trade Micro Futures LIVE and you will only be risking $50 a day with potential to making $200 a day. If you Can't do that -- perhaps you need to find a plan?
I'm read about boxing fight take place yesterday.. "lopez vs kambosos" world championship for -120 pounds. And the writer say something like this... Every boxer now that if you just run 400 meters, you will not able to start and finish a marathon. If you start fast you better finish the job quick! Interesting..
%% Good points/\ but good trading does not have be boring. Seldom see old timer$ scalping, partly its small profits, in some cases super profits, but few men want to type fast for living @ maturity/LOL......................................................... I do think rich Dennis did take some small profit taking when young but seldom made much with countertrends which may or may not involve short trends trading............................................................................
Are they concrete -Go/NoGo- criteria that can be written down and executed from those written instructions?
One drawback of trend following is you have to sit on your positions and allow the trend to dictate how much you will earn. In that sense, it is boring because you are not doing much except, monitor your positions. You could also, lose part or all your profits in the near term. The flipside is strong trends will likely, persist and give you the huge returns that you seek.
%% Exactly; i do some research so a boring trade/inVestment doe not put me to sleep\not that i blame trends for that/LOL Certain exceptions apply, i hated a JUNE ETF\stock sell off once\ looked like SEPT sells................................................................................. TURNed out fine, but seldom happens that way + i dont like all my investmenst/trades dawning doWn like that XLK that JUNE......
Must take time into consideration also.. it can bounce or can just slowdown and choppy. But if we not about automatit, is pretty go no go