Having an idea to become a trader is not enough. To become a trader involves total commitment, yet you treat trading as a hobby. You need to decide whether you want become a trader or if you will continue to play psychological games with the market. (we all went through this) You’re stressed because you’re taking on larger positions than you can emotionally handle. It seems you don't have well-tested trading strategies with predefined action points, which causes you to feel the need to babysit your swing trades. Your previous posts and threads suggest that you're constantly switching between day trading and swing trading for the wrong reasons—namely, as a way to avoid your underlying psychological issues. As a result, you end up transferring those issues to every trading approach regardless of the time frame. You appear to be afraid of losses, yet you buy Puts instead of using spread structures that wouldn't require defensive adjustments. With spread structures, as the underlying moves, you could lock in gains, reduce risk, and improve your risk-to-reward ratio (to higher than the initial R/R of the spread structure) instead of defending or closing your Puts. You seem to be focused on profits while also being afraid to take losses, rather than fully concentrating on the process of trading itself. You may feel bad about taking losses, but that feeling is just about your own emotions being affected by greed and fear. Every trade has an uncertain outcome, which is why you need to position size accordingly to protect both your trading and psychological capital. It’s critical to be OK with taking losses—it’s part of trading. It’s very difficult to trade effectively if you're not willing to lose, in fact, it becomes almost impossible, because your emotions will begin to dictate your “trading system.” You need to reflect on how the obstacles to your consistent profits are a reflection of what's going on inside your own head.
@Xela, you're worthless. So he buys a $5 ps and the stock drops $30. Great, he's recovered 10% of his loss. Your HS-psychobabble is not an edge. You are the personification of no edge. "E6"
Perhaps this. Also I think people get stressed by the uncertainty. OP, perhaps change your expectations in that regard. Get better at dealing with uncertainty. Famous book, How I made 2 Million dollars, Back in the 1920. Guy traded NYSE from India via telegrams received on Fridays only. Swing traded. Placed orders on Monday. Dealing well with uncertainty, is a skill you develop, when you trade a lot.
no one can day trade more than few symbols hence all trades are carry trades. if you are afraid the swings, avoid certain symbols.
Get lost Dest, stop posting under half a dozen of different names and go an work on your self-esteem. Then again, narcissists like you are lost cases. I wish you all the best.
If you're losing sleep, you're either a p**** or you're way over sizing. Aftermarket close is when all the fun happens lol. No better feeling than sleeping and waking up to profits!
In trading it's crucial, vital, to be able to control all the elements and variables in play. Understand all of them to establish reasonable expectations and loose assumptions about the future line chart. The more unknowns you have in your trading perspective, the more guaranteed you are to be fucked. You need a beginning and an End game. I personally like day trading, because you start at the opening bell...and the game ends at 4pm est. ...with swing trading or investing...you have no definite conclusion time clock. Within that time clock, you have to hunt and understand the landscape elements and variables to establish your positioning in that picture frame chart Everyone likes to arrogantly think they know everything there is to know, but the Devil and God is truly in the details✨