After starting with $2,300 Monday and now down to $800 I realized I only make money when I short. I went into today saying I was only going to short and ended up buying LEI for a long position only to loose about $200. My other problem is not taking profits. I was up $350 on my short of HGSH but Like an idiot wanted to try to make up for all my losses this week. So instead of $350 I ended up with a $50 profit. Im still holding 275 shares at $2.90 but had to sell my 525 shares before 3.30 so I would not have a margin call. I think this will tank on Monday but my stupidity is keeping from being profitable. I also over traded like crazy this week, back to my old habits.
Make sure that you learn from your mistakes and try not to make the same mistake again. Having a plan before entering any trade is also a must.
@COMBATVET in my opinion 10 trade tickets is still a lot. Focus on good trade set up, you are better off making one good trade per week than 10-20 trades a day. try to focus on 1 or two set ups that you know you can profit from and you'll be suprised how well you'll do.
Get on the right track and BUY TRXC on Monday. It's going to explode after FDA approval which is almost certain. May go over $10. You owe me dinner if I'm right. Put EVERYTHING into it.
You and I are in the exact same boat
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