Received 3 Karmas
Zenyatta
1
Zenyatta Dec 01, 15 10:23 PM

Everyone gets shook out of positions now and then. If you are respecting stops, that is good habit. But many times I have no good reason to close a trade. Now I use an hourglass to make sure I stay in for 5 more minutes (or until stop is actually hit).

Tunde1306
1
Tunde1306 Dec 01, 15 11:55 PM

That's actually not a bad habit to have. I wish I had a "Cut Losses Quickly" problem. It would have literally saved me $2000 but hey, I hold and hope and end up losing 40,50,60, and even 100% of my money on certain trades. Don't be upset about youur cutting losses. Take pride in it. You can never really 100% tell for sure that the stock will spike right after you sell. All you can do is say, "Hmm, this stock isn't doing what I want and the momentum sucks so I'm out".

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evolvingtrader

[TimAlerts] KBIO same thing happened to me down $460 on it today cause I went away from my strategy. Lesson learned, staying away.

Received 1 Karma
evolvingtrader

[TimAlerts] KBIO probably burned a lot of people today it got me earlier too. Probably will squeeze shorts during power hour though :)

Received 6 Karmas
Raidon
1
Raidon Nov 21, 15 5:22 PM

Good job man! Small position is the key, when you find your niche you can start add size to the positions. Also don't overtrade, i did overtrade alot.. commissions ate my account, for real... 70 trades in a month, sick.. that's like $1K+ easly. good trade, when the trade doesnt go as your plan, get out! Followed to see your progress!:)

BowlesTrader5
BowlesTrader5 Nov 21, 15 11:41 PM

Awesome, smart to have a plan and to have the mindset to be able to get out even though it didn't do what you wanted. trading scared is not a bad thing. Keep it up and I wish you much success

JAY1976
JAY1976 Nov 22, 15 12:52 AM

Heart pumping and adrenaline ? Spoking like a true day trader! Walking to the wild side! Your gonna love it. Small losses are good, keeps you grounded and makes you learn more.

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