How To Trade Stocks Without Emotions(5)

Stick to rule


I have made similar mistakes many times.

I buy this stock, it goes down.

Then comes back up.

As soon as the stock crosses my buying price I sell it and feel great that I made money on that trade.

In next few days the stock goes up another five percent.

I feel like an idiot. I buy another stock, this one goes up 2 bucks and I hold onto it.

Next day it falls three dollars.

Now guess how I feel.

How to avoid this kind of problem?

Set up rules for yourself and stick to those rule.



By Jay Deb