That is a good point. I was thinking about exactly that and I came up with a strategy for practicing good habits. I was thinking that I would start taking random positions on the paper account. Then practice loss management and sizing out.
You did way better than me. I,,, still holding and going to sell this am, Lost $1K and couldnt let it go, I get what I deserve not cutting my losses. Holding and praying doesnt work.
I'm running with a baby account and got into this one without being able to watch it. I had a 60% loser on 43 shares. I'm happy to be getting these mistakes out of the way on very little money. I was too anxious to trade and didn't trust myself. I knew it didn't feel right and still jumped in.
That is a good point. I was thinking about exactly that and I came up with a strategy for practicing good habits. I was thinking that I would start taking random positions on the paper account. Then practice loss management and sizing out.
You did way better than me. I,,, still holding and going to sell this am, Lost $1K and couldnt let it go, I get what I deserve not cutting my losses. Holding and praying doesnt work.
Ouch! Sorry to here that.
I'm running with a baby account and got into this one without being able to watch it. I had a 60% loser on 43 shares. I'm happy to be getting these mistakes out of the way on very little money. I was too anxious to trade and didn't trust myself. I knew it didn't feel right and still jumped in.
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