I bought AIG after noting a 3 bump support pattern. I bought, set a tight stop -- waited... stock began to break out. I grew fearful since the move took a while to materialize and didn't want to get stopped out. The entry was correct and I gave up 1 point upside.
I bought AMSC -- based on volume / ER positive guidance. Waited for pullback. Entry was okay. Stock stalled and I sold before it hit my stop. The stock did indeed pullback through my stop but eventually ran .80 from my entry. The stop was a bit too tight and I was far too fearful of getting stopped out.
I bought CYOU yesterday and sold too early and did not hold through strength. Stock ran 5 points beyond entry.
The fear and lack of confidence is costing me big gains. Meanwhile, I patiently sit on losers. I got out of SOL for a gain but first took a large drawdown with no plan.
I feel comfortable daytrading as I don't have to hold overnight. However, I need to be able to let winners run and let go of the fear. The plan is the plan. My losses are always contained but I still don't want to lose. I need to accept losing so that I can allow winning big.
The other thought is to accept what you see. Strength pays -- strength always pays and a trend follower must follow. Accept what you see. Allow the market to call direction. Ride the wave without emotion.