No Size Fits All: Some Different Ways Stocks Bottomed Before a Recent Market Rally
It's natural to boil trading down to perceptions of personal intelligence, or lack thereof. Nail all of your trades and you're a genius. Watch them go horribly against you, and you're a dope, a fool, and an idiot all rolled into one. Such is the case, it's not uncommon to equate self-worth to trading performance and in fact, if you're not encouraged by your successful trades and bothered by your unsuccessful trades, then you probably don't care enough to invest yourself fully into trading to begin with. While you shouldn't revel too deeply in your individual winners, you should allow yourself optimism and a sense of satisfaction when you've begun to prove to yourself that you understand the ways of consistently making money in the market. By the same token, you mustn't dwell on your losers and beat yourself up over them, at least to the point that you can't move on to the next trade without a clear head. But it's perfectly appropriate to be ...