
@OldMother - I feel your pain. I am sorry for your loss. One strategy I use is to buy smaller lots. 500 shares instead of 10,000 shares. If I made a mistake, it hurts less. If I picked a winner, I'll learn to pick them again.
Had the right idea, as $5 was a clear breakout level. I too got in with small size at 5.04. However the volume wasn't enough to keep pushing this up. I got out pretty quick when it couldn't hold the pull back to 4.90's. Would have been a good short, but I was scared it was going to ramp back up later in the day. Always trade based on price action. I am finally learning to trade by what the chart gives me and cut out all the emotional distraction. Either way, as long as we learn from our mistakes
I totally feel you man, i was the same with MTG the day before the crash, i got in and it paniced before hitting new highs that day, for my i learned to watch it for a second longer than i normally would and trying to be more deliberate
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[TimAlerts] $CCX. In @$5.06 out @ 4.86. Thought it would spike a bit. + company news, up pre-market and some msg board chatter. 0/3 with trading so far.
I'm probably pretty close to your experience level; however, if you still value my advice, you should go in with a plan of execution, before you buy, go in and say your reason for buying in to the stock, your prediction, what your low exit point would be(if your prediction is incorrect) and what your high exit point would be(if your prediction is correct).
With a volatile stock like $MGT is right now, i would definitely be using stop limits if I couldn't be in front of the market all day. With other stocks maybe not, as most follow a pattern. If you're not familiar with using stop orders, I would suggest practicing using a paper trading account just so you don't enter the wrong type of order.(It happens!)
@awrfisher I had an entry point, an exit point, a position size and a cut off point all mapped out. I had to adjust a little as my entry point had already been supposed in the pre-market hours. The thing is I didn't stick to my plan. I think your on point though.
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@FXTRADE You're welcome. And good luck with your live trading.
@OldMother Thanks mom :)
Congrats on transitioning to live trading! That's exciting. As you continue your journey, remember there are good trades, bad trades, winning trades, and losing trades. A good trade can lose money, and a bad trade can make money. Focus on making good trades regardless of whether they are winners or losers, and you'll succeed. Cheers!
@thederektaylor Thanks for the encouraging words. And I'm very confident I can succeed, but i'm always open to being wrong on a trade.


your broker platform should provide that info.. IB does
If you have watched any of Tims Videos or HTMM you would know that this info is available on FreeRealTime.com
Look at "# of Trades" field here: http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Quote&symbol=mgt
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