If I were to summarize what happened today and how I felt, it would be this: don’t be afraid to cut your losses early and let your winners run.
Yesterday’s loss was a gut punch, but today was a good one and I’m feeling a lot more confident going into next week.
1. Risk management: I was careful about my stop-loss limits and take-profit targets, which means I wouldn't lose more than 2% of my account. It felt good to have those boundaries, especially after yesterday. It's all about protecting those hard-earned tendies!
2. Sticking to the plan: Even after yesterday's big loss, I didn't let my mindset get rattled. I stuck to my plan, which was to focus on limit orders and bracket orders for a more controlled approach, especially with a busy day ahead. This helped me avoid impulsive decisions and secure profits.
3. Building confidence: I was able to bounce back today and make a profit. It shows that I can handle the ups and downs of the market. This gives me confidence that I can learn from my mistakes and become a better trader.
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