New Challenge Student. Just my study thoughts. Recently started trading. Not expecting anyone to read this. For "diary" purposes only.
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Stoked for my biggest win to date! $91 (before fees) on $ABIL in 5-minutes. Dip bought 700 shares in $1.46, out $1.59.
Lesson: tested a new strategy. Aimed for a smaller % gain, but used a larger position size. It goes against Tim's teachings to "start small." But, psychologically it helps me to not chase and keeps me on edge to cut losses quicker.
When I used a smaller position, I was bag holding because I was desperate for the $ gains to grow my small account. In this case, I took "only" a 9% win when normally I'd be holding for 20%-plus. So despite it being smaller % gain, it was my biggest $ gain!
I'll continue to test and refine this strategy, but so far I feel way more confident this way.
#snipertrade
Thanks for the Karma, GuamBonb!
@detgarner74 Anytime, David!
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