100% agree Risk Management is the key.

Great analysis of your own trades. Just a quick comment on #4. Would you have been able to see this stock on your scanner the prior day? And would you have known it would spike?

Yes. I did scanned the day before and had a feeling it still had room to run. 52 week chart looked great. Very bullish. I'm just a rookie and learning the fundamentals. Knowing when to buy is important. If you can't get a good entry, then it's hard to make any money.

I see. I totally agree. Good entry also means lower risk level

NVAX is a Healthcare Sector stock and in the Biotechnology Industry. https://finance.yahoo.com/quote/NVAX/profile?p=NVAX

http://etfdb.com/etf-education/the-10-sectors-of-the-stock-market/

@TradeSmall Thank you so much for your help

@hr_tetra Thank you so much

Thank you for this post. This is the pattern I like the most as well. I did not know it was called ABCD. Does Dux have any video lessons out?

Aggressive goals! I hope you nail it.

@williammorris16 Yeah, thank you. I guess it does really come down to being a new trader. 1. my confidence isnt great 2. Im not properly planning before trades. Thank you for the help.

I miss dozen of them a day. You can’t trade them all and you need accept the idea your eyes can’t be everywhere. If you miss trades on stocks you are watching closely then its another problem : you might have the fear to pull the trigger when things are setting up. That means you’re most likely not prepared enough. Prepare your trades more. If the things you’re looking for are lining up, you shouldn’t be hestitating. Try visualization. Be in the trade even before it actually happens. Good luck

don't focus on what you've missed. that'll destroy you. focus on opportunities.

Having a plan will help. I had the same problem and got pissed off i kept missing opportunities so i wrote this blog: http://profit.ly/user/TradeSmall?id=2713354

Thanks dude!

Good stuff man, i like the having a plan before you enter a trade, most importantly is having a stop loss and knowing how much ur risking at that stop. So thats one of the first things i do. Draw out support/res. And find the percent diff between my entry and my stop. Then i choose how much money im willing to lose at that stop. So the equation is "Risk '$' diveded by risk percent. That will give you how much money you can enter that trade with to lose that amount at that percent.

Thank you for your tip. I agree 100%. Once risk is figured out along with the support level, it's very easy to get out of a trade without having to think too much

Damn, it definitely could have been worse! Glad you identified it quickly and cut the losses before it turn into a disaster...

Great timing at the exact bottom btw. Nice job =D

@TradeSmall Thanks m8. At least I did one thing correctly today haha.

Welcome aboard!

Thanks, excited to be here!!