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.

But great job sticking to th plan, I'm slowly trying to train myself

@stockBuddy Yes today I fucked up big time lol, still up overall on GEVO, but I had to take my biggest loss so far. Will do a blog post about it tomorrow... I think I made every mistake in the books here... But it still does not bother me that much, it's all for the same purpose: to learn.

NICE!

@timothysykes Thanks. Much appreciated!

@stockBuddy awesome haha, please let me know when you're on twitter. How are you doing at the moment on trading?

I just went in the red yesterday, so more to learn but I'm getting better at trading with a plan, still a few impulse trades but I'm at least cutting losses a lot quicker than before, biggest loser was 50% when I had no concept of cutting losses

I will never lose 50% on a single trade ever again

@stockBuddy Sorry that you're in the red now, but as long as you learn from mistakes, i's actually something good! Losing 50% sounds like a bitch... ouch. So far I've always used hard stop losses, and will defenitely continue to do so. It sucks geting stopped out at the bottom, but at least I'm not risking disaster. As long as my risk/reward ratios were ok, I am totally content with losing on a trade

hang in there i've learned the most every time i lose. i opened with 1500 took half and planned on losing it. I've become more patient, more notes and written plans, more DD and market chatter research, more bookmark tabs than ever for all the pages to get info from.(http://investorshub.advfn.com/MOMOS-BREAKOUT-BOARD-4929/) he has a ton to make you go back to studying what the heck your looking at. And most of all to put aside the dollar ammounts and focus on the

focus on the Trade itself THE PLAN

I think I'll pull through, thanks for the info I'll look into it when I'm in a better mindset.

Glad you notice your mindset plays a role, I personally started hearing the audio book Trading in the Zone by Mark Douglas, recommended by Tri Force trader, Its mind opening, you can get it free with a trial i believe. highly recommended

Good man. I'm on DVD 5 as well but keep letting trading/life slow me down...

Yea I pretty busy working a blue collar job 8-5 weekdays but I'm making as much time as I can to learn, maybe oneday my job will simply be a hobby , that's a goal at least

Same here i held over night and premarket was struggling to go up in price but I gave it a chance when it opened and it started to dip and I held for a bit and then I remembered what Tim says when things aren't working out so I immediately sold for a 75 dollar loss and shortly after the stock really fell off a cliff , HTMM has already taught me a lot

Radar*

Well, it is an old Pump so idk.

I think you answered your own question with your last sentence.

The news on OPTT is junk. It's a 1m deal on -12m rev... this is nothing more than day traders turning into piranah's. Anything with negative revenues is going to crash to floor. Unless it is Amazon or Tesla..... ; )

@G_Moe22 I am hesitant to give advice as I have only been trading for 4 months. This strat is fairly simple but, I am still working on it. I will post it on my wall right now.

@G_Moe22 I am working on a wall post. Will try to get it done tomorrow. Don't want to miss anything.

I had NERV on my radar right before the open and didn't have time to do my full research but the setup I saw was a no brainier so I jumped in on it and held about an hour and saw a reversal in the trend and sold for a very small profit, but after I sold I found out it was a fake dip and continued on for another 3 dollar gain per share

So I missed the real profit but Im happy i didn't lose and I was able to spot a winner before it happened, this stock is still near the 52w high and hasn't broke it, a see another great run for this stock, timing is everything

Thank you! @stockBuddy

good luck my friend, this stock has a lot of new audience on the OTC as well so be careful it's still a fairly cheap price, just remember pigs get fat, hogs get slaughtered

Yeah, I'm actually glad i took a small position. I invested half the profits from the 5.3k shares I traded earlier that day.

That's not so bad then, good luck to ya hope it goes great for ya

I agree with the Trailing Stop-Order suggestion. I love that feature. It always saves my rear end.

I'll get my crap together next time, at least this stock has a good chance of spiking , I've noticed a lot of stocks do after being delisted

When did you buy it? If you bought it at open Friday you're really only protecting about 70 dollars. Every little bit counts but the best chance to make any real money was midday when it hit nearly 11 cents. You might be better off waiting to see if there's a morning pop to gain a little extra.

I bought at .093