timothysykes

-$1,144 loss DSGT Long Stock

Entry comments: Dip bought this big morning spiker on big dip off its highs, still a solid mutliday uptrend...goal is to sell for 10-20% bounce

Exit comments: This is what I get for leaving my computer midday on a volatile play, nasty loss where I didn't follow rule #1 and cut losses quickly, good reminder, now I'm gonna watch http://tim.ly/clq several times

Received 3 Karmas
Bostoncit
Bostoncit Aug 25, 4:18 PM

That’s crazy position ! Sorry Master! Your better than that

badking740
badking740 Aug 26, 8:54 AM

that was an epic video CUT LOSSES QUICKLY !!!!what part of that rule do traders not understand CUT YOUR DAM LOSSES AT THE SPEED OF LIGHT !!!!

rechinu
rechinu Sep 11, 3:39 PM

Thank you for lesson

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Received 1 Karma
imthetrader
1
imthetrader Aug 05, 1:47 PM

Wow, I feel yours as well, it seems we both fell for the same trap. Thank you for your support, it means a lot.

8Munstercheese
1
8Munstercheese Aug 05, 7:09 PM

I got into the same trade at noon today. I took a rather large position at $3.04. I also took a pissed off loss at $2.44. This wasn't the only loss I took today. In total I'm down $173 today. It was a %16 loss on my overall trading capital. Be happy you can afford a margin account because I can't. Ask your broker about cash accounts if you only take long trades. Cash accounts have allowed me to take more trades when the opportunity comes up. Hope your are okay. The stock market rips 90% of peop

8Munstercheese
1
8Munstercheese Aug 05, 7:14 PM

*The stock market rips %90 of people off and I'm one of those people .. I've lost over 40k since beginning my trading journey in 2017. I just love it and hate it.

imthetrader
1
imthetrader Aug 05, 10:40 PM

The cash accounts is definitely the way to go, I recently found out. The downside kinda sucks but not as bad as the PDT if done right I'm assuming. Sorry about your losses, I hope that's including the tuition

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