Mary42

@Mary4040 just became a fully transparent trader today!

Mary42
Mary42 Jan 11, 15 9:51 PM

Thanks for the advice. I'm glad i'm not the only one that's done it. I'm getting the cart before the horse. I definitely need to work on risk/reward and planning my trades. Do, or did, you paper trade? i was thinking of doing that for now. Thanks

nelsdawgy
nelsdawgy Jan 11, 15 9:59 PM

Michael Goode made a good point of paper trading... He said it's not so good to paper trade because you won't feel emotion of greed, fear and pride. So if you do trade, trade w/ real money but small positions. I see you're doing that already since your losses aren't big. Don't be like me, trade large positions and chase a trade and lose thousands... I learned the hard way

nelsdawgy
nelsdawgy Jan 11, 15 10:01 PM

Also, I found that you shouldn't blindly follow Tim's trade. I made a new strategy for myself... Never enter a trade unless I've personally planned and researched it before hand. It's saved me more times than none and helped me make money...

Mary42
Mary42 Jan 12, 15 9:50 PM

All great points. Thanks for sharing. I'm going to keep my trades small and work on planning my trades. I chased ARNA the other day and lost some money. Sometimes we have to learn the hard way. But, glad I didn't lose thousands. Anyway, very sound advice from you thanks again.

Join now or log in to leave a comment
Page
of 1