Received 3 Karmas
TechnicalTicker
TechnicalTicker May 31, 16 7:57 PM

@MoneyMarak It happens :) It's all part of the game. There are occasions when the trade is going so well, it seems as if nothing can stop it. This is a good this as you have learned the lesson at a still very early stage. Next time, I am sure you will not think twice. Keep it up, you are still green and sky is the limit so just learn move these events, and keep growing as a trader.

Joe_Wall_Street
Joe_Wall_Street May 31, 16 11:58 PM

I'm sure we've all been there before. One thing I do whenever I'm up on a trade like that is set a Trailing Stop on 1/3 or 1/2 of my shares to protect me from me, and then wait to see what happens before unloading the rest.

TechnicalTicker
TechnicalTicker Jun 01, 16 11:36 AM

That is a good way to keep your trading safe. In the beginning it's always a great idea to test and test (trial and error) with minimal size. At times, people score nice wins and assume they know what they are doing until all goes down the drain.

Frich1983
Frich1983 Dec 17, 21 5:15 AM

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