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The Psychology of Trading

I should have bought, no I should have sold.  If only I had done that.  It’s very easy to get caught up in thinking like this I see now, and I’ve only been trading for a very very short time.  You could barely call it trading.

My first real trade I bought too long after my signal – silly move and I got stopped out fortunately.  Then I spotted a short trade, but I’d lost my confidence and I didn’t do anything – silly move.

I’m still formulating my trading strategy so I’m going to sit it out a bit longer until I’m 100% certain of what I’m doing (even though I’m only trading $1000 – I don’t want to lose it).

I’ve been paper trading historical situations plus paper trading live with varying successes and failures, but paper trading is no substitute for the real thing.

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