Status of Long Strategies:
Pros:
Cons:
1) It's harder to know when you're wrong vs a Short. When the trend slows down where I take profits and then I need to stop out--there's usually a panic sell and hard to get filled.
2) I get tunnel visioned and usually DO NOT judge my risk > inappropriate share size > uncontrolled risk.
3) I tunnel vision and miss out the bigger picture charts and higher timeframe trends.
4) I FOMO and chase hard.
Status of Short Strategies:
Pros:
1) It's easier to know when you're wrong vs a Long. I'm usually getting out of a trade as a scratch when I don't chase my short entries.
2) It's much easier to judge my risk and place my stop at.
3) I don't get FOMO'd as much because I let the price come to where I want it go.
Cons:
1)
Comments:
For rest of February and March--I will take only SHORT Trades and will Paper trade LONG Trades.
Comments:
For rest of February and March--I will take only SHORT Trades and will Paper trade LONG Trades.
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