Reflection piece to myself:
I naked shorted stocks early in my trading path but realized that I could not stomach it emotionally, cutting losses at the wrong time and re-entering at wrong times again. I didn't lose too much capital (thankfully).
I know that I am not cut out for this, feeling the butterflies in the stomach and feelings of dread.
so I have been trying to achieved this with limited exposure through GTC orders and options and higher level timeframes so that I remove myself emotionally from the trades.
When a stock is volatile, the last thing you want to do is to be right about the direction and wrong about the execution, which I have found myself to be caught in many a time. Both GTC orders and options have limitations which are probably unsolvable for now. Sometimes I still wake up and realized that my orders did not go through and then the stock moves unfavorably the next day.
Trading is tough emotionally, especially when shorting because the losses are "unlimited". The idea is still not take so much on my plate so that I can't react in time when necessary. Taking losses are painful, but necessary.
Don't get played out by fear and greed.
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