Hello! I started trading 5 months ago. I learned all the stuff that I could learn during those 5 months (bought 2 tim's dvds, watch all videos I could, read many books) but my account didn't do well lol. I lost 900€ of my original 2000€ investment since I started. Made a lot of stupid mystakes at the beggining, but i learned to cut losses quickly. My losses are very little but I am still loosing. I think I trade too much, because I'm afraid to loose an opportunity.
So have you any advice on how to deal with this problem?
Each time I see a pattern, I put money in, but often I end up loosing. I feel like the market is against me.
Is someone in the same situation than I, meaning, you can make a good watchlist, you know the patterns, know Tim's strategie but still lose money?
I hope you understood me, thanks for the answers and sorry for the english (im french).
I do not think I know enough to advise you on that. I can tell you to look into relative strength indicators, as that is what i am working on learning now. To sum it up shortly : you compare the stocks movement to the movement of the rest of the sector or market to determine if it is under-performing or over-performing, thus determining if it is under-valued or over-valued, and possibly allowing you to have an idea of which direction the stock may move. There are MANY different indicators like t
@ExTrader My losses don't exceed 25€ per day. but i lose almost 25€ per day lol. may be should I paper trade but it's difficult for me when there is not real money involved.
@ERN thanks I appreciate it. I will go learn to use RSI see if that can help me.
load your trades in profilty so we can look at the trades
Join now or log in to leave a comment