I am nearly back to break even. But I do want to remind myself that I have still messed up most of my trades. Here are a few things that I need to keep in mind when trading. I mean I do realize these things, but I find all kinds of excuses to forget them.

1. Most of winning trades could have a better exit. Need to stop trying to guess the top. Think this:"should I short this stock right now?" If the answer is no, doesn't matter if you are already up 10%, you should hold. 90% of the time it is more profitable to just wait for the momentum shift, and exit on a bounce.

2. Same goes with cutting losses. It is usually a good idea to wait for bounce to get out instead of getting scared out. The decision to cut is made. Now it's just about the best exit.

3. When I find myself constantly changing and cancelling my orders to match the bid. This is basically chasing the stock. If I do that more than once, just go back to the first order.

 

goal for this month:

1. work on the above three points.

2. get better at dip buying, need to reduce my position on this strategy though.

3. break even

4. get ready to change your strategy a bit. A bear market could be here anytime. Need to be ready for it.