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!
Thank you for the lesson and explanation Ellis. Appreciate the transparency
Thanks for the recap Ellis
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Thanks Ellis!
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