Emotions are said to be a trader’s worst enemy. Our Achilles Heel.
They take control of us and cloud our judgment. They force us to make mistakes and decisions that end up hurting us in the end.
That’s why people introduced trading systems, computer programs, and crazy complicated algorithms. – To take the emotions out of trading.
But I am still human, and so are you. So we are still liable to make mistakes based on our emotions.
In one instance I am knowingly letting my emotions get the better of me. They are making me violate one of the cardinal rules of trading.
The rule says that you should not hold a grudge against a stock. You do not need to make your money back from the same stock you have lost money on. It is better to move onto another trade.
I can’t do that. I have documented every stock, etfs, and index I have traded over the past [...]