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Warrior Trading // Ross Cameron // Day Trade Warrior

We have to talk about trading psychology because there's a challenge that a lot of people have and and this may relate to you where you've been. If you've been trading for a little while, you have bigger losers on average than your winners. So let's just say, for example, your average winners are like a hundred bucks, but your average losers are 200 and you're like man. I Cannot break out of this cycle.

Why does this keep happening often? This is the result of fear in your trading. What happens is you're selling your winners too soon and you're holding your Los too long. quite simply. But the reason that we do that and I'm guilty of this I've done it myself is because of fear.

when I have a winner I'm afraid of losing it and so the best way to alleviate that fear is to press the sell button and lock it up. even if I'm only up. you know, 3% or 4% But I didn't even achieve the full profit potential of the trade and maybe it ends up going higher. but I sold too soon and worse.

Maybe I get back in higher and then lose.

By Stock Chat

where the coffee is hot and so is the chat

16 thoughts on “This is the cause of bad trading”
  1. Avataaar/Circle Created with python_avatars Tronghung Dao says:

    โคโคโค๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜ฎ๐Ÿ˜ฎ๐Ÿ˜ฎ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰

  2. Avataaar/Circle Created with python_avatars Woltic says:

    Happened to me today. Quite fatal risk management fail.
    Despite the fact that I'm improving.. I had a huge loss today. And so week before.

    And it's exactly because of this. And of course, overtrading and having generally no strategy with stocks.
    I mean, so far, shorting stocks that are losers is generally safer than buying.
    The big ouch though, it the buy price spike that does not reflect anything on chart.

  3. Avataaar/Circle Created with python_avatars P says:

    True,
    in addition, when I lose, I keep it longer hoping itโ€™ll go back high and keeps going down and I end up losing more

  4. Avataaar/Circle Created with python_avatars Manu S says:

    Thanks. This is also the central idea of Tom Hougaard book

  5. Avataaar/Circle Created with python_avatars Hola! anythinggoodproducts says:

    U right

  6. Avataaar/Circle Created with python_avatars Fantastic Chupacabra says:

    Ross I am a new follower, do you long only or so you go short as well?

  7. Avataaar/Circle Created with python_avatars Audistyle says:

    But you know what, i make a whole lot more taking 1%-3% profits early, and often. Ill do where i take 5 early and let the sixth one run a bit above my comfort zone.

  8. Avataaar/Circle Created with python_avatars E Man says:

    I do this to often myself. My thing is my position size seems to always be to small on my winners and to big on my losers. I donโ€™t average down generally either.

  9. Avataaar/Circle Created with python_avatars Elvis S says:

    You are so right. Happens to me all the time. Thanks man

  10. Avataaar/Circle Created with python_avatars John Money says:

    Sell half breakeven if it gets back up to entry.

  11. Avataaar/Circle Created with python_avatars Blaine Rasmussen says:

    This was me the first time I started daytrading!!! The biggest thing that helped me was my account is substantially larger this time and i trade with a small percentage of it. I dont "NEED" the money im trading with! Although its still brutal loosing it, it mentally doesn't wreck you! After 2 years and im STILL LEARNING EVERY DAY!

  12. Avataaar/Circle Created with python_avatars Wahid vLog says:

    This is insane, happens same with me, what is solution Ross?

  13. Avataaar/Circle Created with python_avatars ALEXANDER ArginT says:

    the problem is easy to fix, but right when you fix it another comes up, the winners will continuoslly fall from the point where you usually got out for a profit and verry verry i mean veryy rarelly you will have a runner and even that one wont compenstate for all the paper cuts that you took just to have small loosers, probablly this game is just for the lucky ones in general in life cuz i dont see any way , wont quit but for sure i lost all my hope

  14. Avataaar/Circle Created with python_avatars R P says:

    Spot on

  15. Avataaar/Circle Created with python_avatars Desi Dog says:

    Excellent analysis. I have been struggling with this problem for a while.

  16. Avataaar/Circle Created with python_avatars Jessica Kendal says:

    Right here. โœ‹๐Ÿป

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