What size account re you using? I'm just getting started and im trying to get a feel for how much I should get in with?
Awesome read man. And so very true! Sounds like you are very well prepared and put in alot of time studying. Congrats and have fun!
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Haha! Love it! Dude I can't tell you how many times my dumb ass has done this. It took a HUGE loss to "wake" my ass up. This read made me LOL a few times, but in a relatable way my friend. Good lessons learned for sure. Best part about it, there's always next week! Let's GO
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All good man. It happens. The first call to action is to recognize/write down everything you did wrong as you have done. A new week always rolls around! Dive in and enjoy. Fall forward if ya have to!
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Let me clarify - The 80% I'm talking about is over all. As in, cumulative (all my portfolios). I know my success rate is about the same.
Nice read thanks for sharing. Is it me or does anybody else get really pissed when you exit a position that you could have made 20 30 40% more but decide to take the singles?
Oh absolutely. But that's stock trading. Let the winners ride. Take your profit. I also find myself calcuting what could have been. Just have to move forward!
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awesome. I can relate. WE ALL can relate in this merciless, emotional game. Continue to reconstruct your mistakes. Sounds like you're already a step ahead - even though it might not feel like it. Best part about it, you can't hide from time. Market will keep marching on with or without you. Figure out a way to return the blow and play it at its own game. Holding and hoping will always get ya ;)
Couldn't have said it better! Thanks for the insight
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@Rivas I sold part of it on the same day. Sure, I could have held it all, but I wasn't able to sell at just over $0.30 the next morning when I had planned to sell the rest.
Blogging our mistakes helps a lot! It sucks to relive it while it still hurts, but later it is helpful to look back on it to reinforce the lesson. It helps others learn too. Good job documenting it. Be proud of that.
@LibertyBelle Thank you! I knew it was the only way to truly make myself accountable!
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The first part of getting better is downloading and analyzing your mistakes. And guess what, even some of the most successful traders still do that on a weekly basis. Once you can figure out how to consistently minimize the losses, pick better intraday or swing plays and NOT overtrade, you'll make progress. Remember, position sizing is incredibly important. That's one thing that I personally continue to struggle with. Example: Jumping all in / Using more than 50% of your damn capital / forcing a
forcing an avg down because you don't want to let the stock beat you. Stuff like that. Hope this helps.







That's awesome man. As more time passes and you become more experienced, you'll control fomo better. The stock market is a never ending flow. There's always next week! And you're looking at losses exactly as you should. Cutting a big loss is just as much of a Win! Study hard! Enjoy!
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