Sounds like you could use this book:
https://www.amazon.com/Daily-Trading-Coach-Becoming-Psychologist-ebook/dp/B0023SDQRG/ref=nodl_
Was in a similar situation earlier this year where I took a big loss and lost all confidence due to not being able to read the recent volatility properly. Trying taking a break and focusing on the basics. It sounds like you need to work on psychology more than anything else:
Taking a week long break and reading this book combined with some increased journaling efforts turned it all around for me.
From The Day Trading Coach by Brett N. Steenbarger
I joined this journey at the beginning of the year, inspired by a reddit post about going 1K to 1MM in just a year. Then came all the meme crazes! Needless to say, I'm on the worst end of the journey, having been negative since January.
Along the way I read plenty of books, bought courses, did a coaching thing and honestly, it's all helped but one thing kept standing in the way, me.
Cue up this passage, and really the whole book, by Brett Steenbarger about trading psychology. It may sound silly, but I realized in my analysis that I would identify areas to exit a trade if it was going against me. Funny, because almost always those areas would be immediate reversals. FOMO had me get into trades though because I just couldn't miss a move!
So then I thought, well, what if I just waited to buy at those areas that I thought were exits?
I've been consistently green since.
I guess the morale of my little story is, just wait for your setup. That's it. Just wait for your pitch, there's no need to get into a trade right away.
Item | Current | Lowest | Reviews |
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The Daily Trading Coach: 101 Lessons for Becoming… | - | - | 4.5/5.0 |
^Item Info | Bot Info | Trigger
Item | Current | Lowest | Reviews |
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The Daily Trading Coach: 101 Lessons for Becoming… | - | - | 4.5/5.0 |
^Item Info | Bot Info | Trigger
Item | Current | Lowest | Reviews |
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The Daily Trading Coach: 101 Lessons for Becoming… | - | - | 4.5/5.0 |
^Item Info | Bot Info | Trigger
Item | Current | Lowest | Reviews |
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The Daily Trading Coach: 101 Lessons for Becoming… | - | - | 4.5/5.0 |
^Item Info | Bot Info | Trigger
Read this:
https://www.amazon.com/gp/product/B0023SDQRG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0
Thank me later :)