So my account went up nicely and loss all of the gains from the past week or two. I really see how my account will never continue to uptrend until I agree with and commit to keeping my stops tight. I need to not think about it; it needs to become robotic. Like this is just what we do as general policy and practice in this business. If I want to break out in my account from this hovering position, I will need to take my small losses...it is quite that simple. There will opportunities where I will win in the markets, but if I can't control my losses then I will give them all back. I do have a renewed conviction and feel good about my resolve to cut my loses quickly this week. Excited about where this week will bring, what new lessons I will learn, and my new opportunities to cut my losses quickly to protect those gains. And getting better at it, and will continue to get better until it robotic. What is helping the most is I can see point blank and matter of factly that cutting loses is what will help me to ultimately protect my account and win in my cash account balance. It isn't feelings; it is just cold hard facts. Like it, leave it, learn it, love it---it is just true where I want it to be or not. Like a law of the world in science--this is a law of the world in the market (especially when it comes to penny stocks). We can never forget that we are in penny land; and we must tread very cautiously...
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Trading Mistakes
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SNGX
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