I often see people say they really struggle to hold for bigger moves.
I think personality can have an effect like most people will say but in my opinion , a lot of it is to do with your process not aligning with your goals.
Take an easy real world example. Someone who wants to lose weight but struggles with snacking.
If this person constantly buys snacks, has them all over the house in plain sight etc, is it any wonder they eat them a lot?!
They may consider themselves a βsnackerβ but what if they changed their process and habits?!
What if they stopped buying snacks, if they bought them then only having a few and hiding them out of sight.
Would they be more likely to stop snacking as much?!
Same goes for trading.
If your goal is to hold for a bigger move, is it any surprise that you struggle to do that if youβre focusing on intraday charts, obsessing over your PnL, and checking the stock 50 times a day?!
What if you did the opposite?
Only looked at daily/weekly charts, turned off your PnL, only checked the stock twice a day.
Do you think youβd get better at holding even if you think your personality is more geared to shorter term trading?
It becomes much easier to achieve your goals when your process aligns with the outcomes you desire.