So today, I have reviewed all the trades I've made in the first two weeks of trading.  I received Tim Sykes study materials early this week and started studying.  8 videos down and lots of web work.  What I've learned is...accept the defined loss you accept for yourself.  I've defined that a 5% loss is my risk limit.  Of the 32 trades I've made in the last 2 weeks (yes its a lot, but a couple of .05 in and outs)...I digress.  Of the 32 trades I've made, I've actually had 53.13% winners.  I have defined that I am looking for 10% upside or cut loss at -5%.  I've found that I have ZERO 10+% winners, but have SEVEN -5+% losers.  I looked at if I would have limited those SEVEN -5%+ losers my total losses would be over $1100 less for the time period.  As of this day I'm down about $3200.  But, 5 of the last 6 trading days, I'm positive.  

I need to study patterns, I need to learn how to setup a Stop Loss, and I need to trade when I understand WHY I'm trading and not just because someone says...THAT STOCK IS AMAZING..or whatever! 

Brian