Sometime cutting losses to quickly can lead to large amounts of lost profits.

@Syndicated_Trader35 "sometimes cutting losses too quickly can lead to large amounts of lost profits" but not cutting them quickly may also lead to very big large losses. In my opinion your NERV trade lost was an exit out of emotion. A stock of that price (or $10 or above) can easily move $1 dollar so cutting it .22 cents from your original entry seems like it was based on emotion rather than let the trade continue with it's bullish pattern.

@Syndicated_Trader35 and though it went $2 up, it could have went south $2 as well, so cutting losses quickly is a better strategy. I rather lose potential profits than lose actual money.

That's the thing but being safe and making profits bigger than your losses and you can't go wrong, stick to the plan and don't be greedy.

nop

Thanks a lot I've been struggling with new brokers.

I think they are based in the bahamas, but I use them. I like their pro platform but it costs $50/month and $60 more a month just for level 2.

Thanks just struggling with the w8ben never done one before. When do you get charged for the monthly fee for the pro platform.