Got my counts wrong...But MORE importantly

This is an example of what not to do. Now understand I am a newbie. But my counts were wrong. I stayed in the trade way to long, and continue to be in it because of that mindset of: Well maybe it will come back up soon! But the fact of the matter is, if I continue to trade like this, without managing my risk, and continuing to incur 20% losses because I am wishing and hoping for a rebound, I will be out of an account soon. And so will you.

Psychological management of the negative sentiment type is by far, as I am learning, one of the most underrated skills a trader can have. Yes, TA and FA are skills one needs. If you believe in only TA, then the other 50% of your skills need to lie in psychological fortitude. If you believe in only FA, then the other 50% of your skills need to lie in psychological fortitude. If you believe in TA and FA, then the other 33% of your skills need to lie in psychological fortitude. You get my point right.

If you are not developing your ability to manage the psychological component of trading, you are in trouble.

I am in trouble because I wrote this before I exited a trade I should have exited a long time ago. I am not proud of that.

But I am proud of the fact that I am recognizing what I need to do. I acknowledge it...

And now I am going to go exit that trade.

Adios