Trust Your Gut

How many times do you have to say “Damn. I knew I should’ve made that trade!” or “I was gonna sell that!” before you learn to trust your gut instincts? Many factors contribute to doubting your trades and hesitation. The markets are chaotic and probably will be for the next couple of years. You’re going to have to learn to cut your losses even shorter, because as we’ve seen, once the bears pounce, it turns into a pack jam. Maybe even switch to day trading with OCO brackets to eliminate overnight position holdings. If you notice, the biggest losses to the retailers happens overnight when we regular retail traders, in general can’t trade. The bottom line is, you need to adapt to survive. The normal fundamental and technical analysis methods are still valid, but you need to realize it will be easier to lose now. Cut those losses tighter. Keep enough of a cash position so when the bottom hits, you can load the boat. Better yet, switch to buying options and limit yourself to a known risk. And keep faith in your ability to make the wise decisions.

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