I've come to the conclusion that I just don't understand this current market. February has been a long string of loss after loss for me. I keep telling myself to pick myself up, dust myself off, and not be too scared to get back out there and trade. But when I keep taking L's it's kind of hard not to be scared. I keep watching my little account dwindle with every trade.
I don't think finding and researching stocks is my problem. I have a difficult time understanding where the stocks will go next. I can research a stock and deduce that it should spike based on past performance, catalyst, etc. but it ends up dropping (like every trade I made in February). Or I can look at a stock and think it's run it's course and it spikes through the roof (like KBSF). It's frustrating.
I really need penny stocking to work for me. I have a house to buy. Is anyone else having a hard time making decent gains on their small account?
I don't thing your doing bad at all even though your in the red. Your losses are small and rule #1 is to cut losses quickly. Go back at look at your two profits and get that confidence back, but also consider paper trading for awhile during real time. A lot of successful traders paper traded for 2 to 9 months before risking there hard earned money. My knowledge account is definitely much bigger than my brokerage account at the time. Keep studying!
Dont be discouraged, i just broke my 8 in a row losing streak. February has not had very many opportunities and I think we're all trying to make something happen that isn't meant for us.
if it makes you feel any better, you're not alone, look at me, I'm down 16K and I'm still not giving up
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