I managed to turn my $2,700 account into $1,000 with just a few simple supernova aleart trades. I now know that supernovas die. They just die... Short selling is something I never took the opportunity to try. But "if" I would have sold all my trades short I wouldn't be hurting right now... I have too many questions. More questions than I can possibly post. I feel like an absolute failure. After 3 years my originally 12k account has been reduced to $1000.
I have little left to loose now. .. well, I have $1,000 and an 8x30 trailer to live in and I make a hell of a lot more money as a part-time Starbucks barista making minimum wage than I do in the stock market that's for damn sure. If there's anything I've learned it's that I'm absolutely terrified!!!!! to put one more f*****g penny into the stock market. I've been mulling over what I wanna say here since 2:30 A.M. now. I have asked myself a thousand times how I managed to do such an awful job? It sure is amazing what I've learnedand.
I'm just going to be honest.. I feel hopeless...
I'm trying not to beat myself up too bad. I'm only 32 years old. But I feel like after 3 years of learning, I should know better.. These stocks are manipulated and public investors are being ripped off one person at a time. It's beyond me on who is doing it? or how it works? My biggest obstacle is knowing where to go from here? I feel like my smartest option would be to quit and take my thousand dollars and never look back at the stock market again. That's not what I want to do... That won't make me happy.
With tears in my eyes, what I'm asking for here is some encouragement or wisdom? I know that being short bias is not always the answer but I'm beginning to feel like it's the only thing that works.
Maybe should start trading with a paper account for awhile until you feel confidence again.. Are you reading books like chart your way to profits or trading for a living or Have you looked at Tim videos? There is ALOT of multiplication going on so you need to be ready to turn the other way on a dime. Check out this book. I had to read em to get an idea how to think and how this market game is really played https://www.amazon.com/gp/product/0071614133/ref=as_li_tl?ie=UTF8&tag=akim1121-20&camp=1
And just to let you know i was just trading to be trading 10 years ago until i found this chat and was down close to $20,000. I took a step back for a 6 months and did nothing but read those books and paper trade and i saw my gains were getting better and eventually i got my $20,000 back and more. You have to go in a trade WITH A PLAN. If the plan don't work you cut loses quickly! There will always be another trade..
@Raylbc27 & @zinedu5.. Ray you are exactly right. I need to trade with a better plan. A lot of my plan does not consist of losing. Cutting losses is a lot easier said than done. Yes I've I watched all four of Tim's DVDs I have. Tim makes it look so straightforward and simple. I get excited. I realize how naive I am when I start researching my own tickers. The patterns are not easy to spot let alone predict. I know I'm lacking fundamental knowledge as far as market cap and float and shares traded
TAB. I love it! I certainly need to find a pattern that works for me. Recognizing it and order execution is a huge problem for me. I will learn these patterns. You both you have no idea how much the support is appreciated. I'll be buying all the recommended books. And yes I'm planning on six months of study before I make naive trades. Thank you so much, you guys are awesome!
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