I agree Tim, I break most of the rules but I am learnings lots of things I have gotten good at cutting losses way before disaster now that I know better
I had a 50% loss a while back that I think about everytime I place a trade and that lesson had allowed me to realize when I'm wrong and get out , it was XLIT and like a fool I went long with my tiny account when the short sellers where moving in
Small losses are fine but you need to stop thinking bout prior trades, take it 1 trade at a time, see how I turned around my recent losing streak too
I agree Tim, I break most of the rules but I am learnings lots of things I have gotten good at cutting losses way before disaster now that I know better
I had a 50% loss a while back that I think about everytime I place a trade and that lesson had allowed me to realize when I'm wrong and get out , it was XLIT and like a fool I went long with my tiny account when the short sellers where moving in
Just put in 10-15% of your account on the line on any given trade. Not more unless Tim speaks of an orgasm.
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