Mindful Monday - Ask Dr. Jonathan F. Katz

[Carlos M. 232]

Hey everyone! 

We want to get a few questions from you to ask Dr. Jonathan F. Katz and he will answer them on the Mindful Monday segments. Also please share with us what topics you would like to hear about in future segments. 

Thank you!

[Bailey Nevener 83]

Good afternoon Carlos!

Perhaps a good thing to touch on for beginner traders is avoiding ‘flipping’ a position just because they were stopped out.  A lot of new traders put their stop beyond an area of ‘no return’ in their minds.  

This often results in them seeing a ‘huge’ high volume push in the opposite direction of their trade once a stock breaks through their stop.

However, a lot of these moves, as I’m sure you are aware, shallow out and continue to consolidate or even continue to trend up after stopping the trader out.

This is something of a symptom of a scarcity mindset and impatience.  Putting this readily applicable advice into a psychology video is sure to help someone.  Just because it is a bad long doesn’t mean it is a good short!

Bailey Nevener