My biggest problem has been cutting losses and getting in and out of trades. I have adopted a strategy of micro trading to help condition me to be more fluid while trading. The strategy consists of taking large positions on slower moving stocks with the goal of making 1% within 15 minutes. I think it is helping me. This will condition me to better follow the rules and become more successful with Tims strategies.
Yea, my biggest lost was due to holding and hoping, even after the stock tanked. It is wise to cut losses quickly if it breaks support.
I'm proud that I did just that today. I bought CDIM at 1.55 and instead of going up, it went sideways. After it actually dipped to 1.53, I didnt' waste time... I got out asap! So, yes, I'm okay with losing about $16 plus the fee. It's better than losing the whole $200 or being made to wait if and when it ever recovers...Thanks for posting!!
Thanks for sharing your experience.
[TimAlerts] Anyone playing CBAY?
[TimAlerts] $GSAT halted on news. Wonder if it's good or bad?
[TimAlerts] $NM has an 88 million float with hard resistance at 1.60. News came out at market open and is probably all priced in now. Trader Checklist score of 30 ?
[TimAlerts] $GSAT has not moved only .25. It closed at 1.47 and is now 1.97. I bought at 1.52 and sold at 1.81
[TimAlerts] KPTI now at 10.74. I shorted off the double top at 9.98. It dipped then shot up. I cut losses at 10.49
[TimAlerts] $GSAT 4 million volume trade at 1.56 right at market close. Very odd.
[TimAlerts] Any thoughts on KPTI ?
[TimAlerts] MCUR merger with private company called LEAP. News is a fee days old
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