I think the most important point is number 7. You have a choice to cut losses so if you don't you choose to lose. Thanks for sharing!

thank sfor the posts. keep it up!

I have been caught in number 4 and number 7 for some big losses. This is great advice here! Thanks for sharing!

when you got conviction is when people had studied and played it , this part is when we got what should i do now/ is very important to be ready for anything, everything is repeatable

And if it holds support I'd be a little more patient even if it doesn't move quickly, as again those initial panicky sellers and profit takers can keep the bulls down temporarily before a nice run up. Just my $.02.

Haha thanks for the 2 cents. Much appreciated

Anytime! Just remember, always contain your losses. Have a hard stop loss and get out if it gets there.

The best thing for all of us is to develop a plan and then stick to it. Ideally I want to keep my losses under 3% With a .79 entry, I would have my finger on the trigger to sell in the .77-.76 area. Holding and hoping is not a strategy, & these penny stocks can get away from us in a hurry. GL!

Its not a set percentage like that. You figure out what's the maximum money you want to lose on a trade, let's say 100 dollars. Then u find out where support is and you say "if it breaks this support level I'm cutting losses." Then, based on the support level and you planned entry price you do math to figure out how many shares u can buy.

TIM need a FIsical RULE, on RISK AND REWARD.. people need quickly check with out asking the brain to check old files.

I agree

there are a lot of spreadsheets out there that will help you manage risk. I have links to a few, DM if interested (can't post outside links on here due to incestuous knowledge rules)

@Chongette32. All i can tell is the velocity of the stock, still dont know if the stock will do a spike, when you in 50/50 risk/reward. as he mentioned, is a memories what stock can do if you got in, that all. stock never meant to do a spike. just because you're in. it doesnt mean it has to up.

@Chongette32. if you watch tim always measured the Risk/ reward if you watch how does spike check how long is the time frame, he hold 5 minutes if it hold in his way only, rules are always for. glass protection it can break too.

@0010ALogistic I'm not sure what you're trying to say. Pictures are clearer.

@Chongette32 Picture are clearer when you trade with confidence, There is so many way to look at it, people are wired differently, if you ask Nastya she will say the say as me. i guess.

YES!

#5 Really hits home. Great write up!

Well said!

more, put some examples , young lady.

All i can say , is that stocks for me it has his own rule, why did i say that, for the fact, of being pump, earning winner, rumors, just a fake out wrong news, Spike stocks, i had learn to recognize stock with what rules apply, is suck just losing, we all do. keep learning.

Thanks!

Excellent info and thanks once again for sharing! I learned #10 this week with $TPLM. Luckily, I was paper trading so was able to learn from my mistake without losing real money.

Just bought the DVD :)