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Follow these two rules to preserve and grow capital

  #12 (permalink)

Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Prorealtime
Broker/Data: Interactive Brokers
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Rrrracer View Post
@josh, thanks for this, I feel like I'm currently on this path and I know eventually it will come around to bite me hard. I'm constantly battling entering too early; I usually have the right idea but always seem to manage to pull the trigger too quickly. One thing I have been doing is going in with just one contract when I have this impulse, and then trying to wait longer and see what unfolds. I'm convinced it's tied to FOMO. I don't chase price if it moves away from me, but getting in early is essentially the same thing.

Do you have any tips or advice for honing the entry skill set?

Thanks
Shane

Have you considered entering only on limit orders? I know you plan your trades so this should work really well.

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