Few more lessons from my losses on GAXY ($330) 1) Do not guess ahead of Break out specially at Pre-market 2) Don't play on Pre-market and stock should prove itself first 3) Stick to your plan 4)As soon as found your initial plan for the stock not anymore valid then Just EXIT 5)Sale to the strenght 6) Buy on the rumore and sale to the news! 7) Cut the losses quickly and move on!! 8) Do not keep adding to the stock as your plan already failed just EXIT 9) Do not fear of loosing as small losses can lead to huge losses
It was very good lessons on my biggest lost on WDLF ($330) 1. Do not pick up any stock for dip buy - have to be a gainer 2. Do not add to your positions and cover on lower price when the stock is already failing - you will be finally hitted! 3. Make sure have your SSS score right when you want enter the trade 4. Do not holde a trade which already failed during the day- there would be no support and majic in the morning to spike up or gap up!
@BenK7LB just became a fully transparent trader today!
great story jack. you had a desire and faith. thats why you did'nt give up. that is a true uncle who supported you and gave you good advice .I am studying hard because one day im going to reach my goal.thanks again for sharing your story.
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@Jackaroo Clearly this was about 3-31/2 yrs ago. Looks to me like a little confidence of someone believing in you can make all the difference in the world. Congrats on your success Jack! I truly believe we all have it in us & it just takes hard work & 1 person believing in you & believing in yourself. Your uncle is a great man.
@Jackaroo, I am a few years too late on reading the "blog post: Stick With It". However, it was very inspiring. What was inspiring was not the story in and of itself, but the idea that you choose to "believe" that sticking with something will reap a reward for you in the end. Having a belief is one thing, but making that dream come into fruition is another, which is extremely hard to do when you have not made it to the finish line to win the prize, and to be fair, Uncle Larry knew that for a dre
Thank you Ellis
Thank you for the R to R lesson. Good stuff
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Thank you Ellis!
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