dealing with uncertainty.
1) the only thing i can be certain of - mostly - is how much I will lose on each trade. Once I give that up by 'hoping for the best' or 'relying on valuation' -- I will always -- always end up selling for a much bigger loss than intended.
I also fear losing a small gain and hence rarely make large gains. The correct strategy is to raise the stops on swings and daytrades.
It is not enough for a stock to stop going down to buy it -- it must be GOING UP. This means there must be some kind of base pattern or news/catalyst/volume surge to suggest a sustained move that can generate reasonable profits.
Confidence comes from following rules. Losing trades is not a confidence buster ... not following a strategy is. Follow charts -- to establish support levels. These levels are all that matters. Trading is primarily a psychological game -- not a math game. Once you give up your psychological edge -- by falling into feelings of fear/regret... you give up everything.
Try talking out loud -- establishing what you see from a different part of your brain to avoid allowing emotional trading (fear) take over. A trade has a clear plan and does not need to be extended (to avoid taking a loser) or ended abruptly (after a quick/small profit). Let the market dictate the appropriate end of the trade. You can only control the first loss and the entry. (