I had the Sam thought a couple of days ago but don't be disillusioned by it's prior high price, fundamentals show the company is not very good at all. I would only think of trading this if there was some positive news or a few days of up trending!

Is that the right link? That post gives no advice and no equation. The only comments that reference it are your own.

@Shaz That's a link to the original article I mentioned at the beginning of the post. Everything else is in this one.

This is especially true for small accounts! Lock in profits when you have them, no matter how small they are! This is what I keep telling myself every day before trading but with a small account I keep finding myself pushing the boundaries and most of the time ending up taking a loss instead of a small profi! A 5-10% gain is better than a loss! Good read!

@BruceC Thanks! And you're right. Take the money.

Thx Palmer. While I have spent many hours with the DVDs and Video lessons, application of the knowledge is of utmost importance. I don't know why it is so difficult to stay disciplined, but I am confident I will the resolve.

Take some time off and get your confidence back paper trading, then give it am other shot! Keep at it. It's not easy but I believe with persistence it's possible!

A book that has helped me out a LOT is Trading in the Zone by Mark Douglas. It's all about getting ahold of your emotions and reducing some of the impusiveness that comes with trading. If you're more right-brained and sometimes all the tech-y stuff starts to blur together that book will really help.

Rally sells...I mean when the trend is down, stock rallys up a little and the rally...opposite of buying a dip.

Hey Thomas, thanks for the blog. again this is giving me a good insight into what is ahead for me as I'm about a month away from my first trade. Stay positive and look for the trades that are comfortable for you and i believe you did the right thing by not trading until you were comfortable! from what i have read trading on emotions is the quick way of loosing your account! keep it up :)

Good luck man!! we have almost the same situation, im doing my mba in germany and got hooked to the market w few months ago, im gonna buy some dvds, study a bit more then it's the moment of truth. Good luck to you and never lose confidence

Thanks to both of you. I know I have to stay confident, and I will definitely try to find my mojo again. I do remember that Grittani lost for quite som time too, and I can live with a bad start. Actually might be for the best. That way the succes will be so much better, and no one can say that trading is easy money - It is defiantly hard work to be succesful!

Thanks for this man! Remember losing is part of this game. But losing big never should be. Keep at it, I wish you the best, and write more posts if you can

Thanks for the comment @GKOPENA, I will defiantly keep writing post when I feel like I can contribute with something. You are completely right in saying that loosing is part of the game. To be honest I actually dont mind losing in the beginning - just teaches you to be humble, stay focused and to work even harder to be succesful.