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PS23
1
PS23 Nov 08, 17 11:29 PM

Keep pushing, learn from every mistake, reduce your position size, and focus on low downside plays. Forget about the 100%+ gainers and maybe focus on some slower moving stuff for some respectable small % gains. It’s something I struggle with too. Just need to look for singles, and take doubles triples and HR as they come. Don’t chase. Only buy close to major support like the other guy said, if it breaks it, your downside will be limited. Hope this helps! It’s all advice I need to follow myself!

wannabestocktrader
1
wannabestocktrader Nov 08, 17 11:29 PM

Next, I would highly reccomend using ThinkorSwim, and learn how to chart, draw resistance/support lines, and start keeping track of the hot plays of the day. Take lots of notes so when things come back in the future, you'll be prepared. Read my recent blogpost/watchlist on TCS and look how I hit my first morning dip buy almost perfectly to how Tim teaches all because I kept track of the stock from May, watched it fail in August, and watched it today.

wannabestocktrader
1
wannabestocktrader Nov 08, 17 11:32 PM

Even though it's the type of trade that won't present itself opportunity wise for a lot of stocks but a few times a year, understanding when and why to execute the trade is all part of the process of trying to improve and once you start getting it, you can apply it to others during earnings seasons. Now is the time for earnings related plays, so that's what you can focus on the most right now. Good luck!

44percentjr
1
44percentjr Nov 09, 17 8:54 AM

Thank you all so much! I will keep pushing forward. I know it's still early in my career as a trader and I do LOVE it. I will take all of this advice and apply it. Thanks again!

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