Received 2 Karmas
FirstRedDay
1
FirstRedDay Feb 10, 17 7:15 PM

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!

ftmanglona
1
ftmanglona Feb 10, 17 8:51 PM

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.

stefano321
stefano321 Feb 12, 17 11:49 AM

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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manny90
manny90 Feb 10, 17 12:54 PM

yah. I should get that DVD. finding and researching stocks is y weakness. Thanks for the tip.

MickeyAnn
MickeyAnn Feb 10, 17 4:34 PM

I was just about to write a blog post about my inability to analyze the information once I gather it. I know how to find the stocks and research them but somehow I keep taking losses. Hopefully we get it soon @manny90!

JPDynasty
JPDynasty Feb 10, 17 4:47 PM

Look for top % gainers..then go through each of them to look for familiar patterns and news. Thats why its very important to watch some/all of Tim's DVDs, they will open your eyes for what to look for. Tim also has a awesome Youtube channel https://www.youtube.com/user/timothysykesdotcom with so much great FREE information.

ImBatman
1
ImBatman Feb 10, 17 7:41 PM

I'm going through a rough patch myself. Keep studying and taking good notes about what does and doesn't work. Remember it took Tim Gritanni 6 months to start being profitable.

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MickeyAnn
MickeyAnn Feb 10, 17 4:37 PM

Please let me know when you get the answer to that question because I took a pretty nasty loss on BIOC today as well. Can't figure out the best time to enter/exit in this current market.

FrankieJr
FrankieJr Feb 10, 17 9:18 PM

I also had a bad trade on BIOC this morning. The diference between a 50 dollar loss and a 10 dollar gain is irrelevant. If you feel uncomfortable or iffy about something, you should always get out. Like Tim always says "When in doubt, get out."

MsMoneyHoney
MsMoneyHoney Feb 11, 17 3:16 AM

Ok, so I shouldn't feel so bad that I was a bit impatient and mis-timed it. Ok, then! :) ...but it's not really "irrelevant" when one has a puny little account to begin with... lol.. I'm trying!

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j_ared_

@MickeyAnn Saw your post about DRYS - been tracking them since Friday. Good little spike yesterday morning but the allusions it makes in its shareholder meeting announcement sounds a little daunting. Kind of curious on your thoughts about that. - Jared

MickeyAnn
MickeyAnn Feb 07, 17 3:07 PM

Honestly I took a small position based solely on the chart. I stepped away from my computer to go get my son from school and the bottom fell out on me.

MickeyAnn
MickeyAnn Feb 07, 17 3:08 PM

I could've made out with a small profit midday had a I sold the second spike. Lesson learned.

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