Uhm, that wasn't exactly what i had in mind, but that'll work too if you're consistently Think of it in terms of velocity. The faster you move, the slower the time. In a fast moving market, you might wanna zoom out to a higher timeframe. But in a slower choppy market, it would serve you well to zoom in. Now I'm only speaking as a day trader. If you're one of them Buffett wannabes, this is probably useless.
%% OK/ i have 4 pockets/120 page college RULE notebook. NOPE\i only have one Buffet book, coffee or chocolate LOL stained freebie from Library LOL HAVE used smaller time frame to enter/ but i love to research trends/ big trends/ super trends\. Even that indicator named ''super trend'' is not that great \i use it some anyway. May give away part of the Always Save 6 pac Fudge pop Tarts
Then run your post through Google Gemini or chatGPT, your post will look like it is written by Hemingway.
Didn't know uncle Buffett wrote a book? Sorry, Buffet =/= Buffett. As someone else's complaint: I don't pay attention to what I read.
%% MOM took me to a Buffet a lot 4 lunch; after i moVed out of the house .LOL I think some else wrote buffet book /jack Schwager did not LOL She liked to give me the money before we in so good kind reminder to pay for her dinner LOL+ true Wave After /wave \redemption song/ Pat Green>25,000,000 Vv hits
This is very common in trading. I have battled with taking losses for a long time and finally decided to use preset a hard stop for every trade and that helped a lot. I can win for a whole week but often one big mess-up like what you did gives back all previous winnings. Even with hard stops I mess up by keeping doing the same bad trades and racking up big losses within a short period of time like a few hours. My current solution is to set a max daily loss amount and sticking to it. Once it’s hit I quit for the day.
Misery loves company. It is not simple setting a good hard stop. How wide a stop do you preset? Too tight and you would be stopped too often and too loose you would lose your shirt. Why learn how to take losses is still my #1 problem.