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collegetrader93
collegetrader93 Dec 07, 17 3:31 PM

@Tetyanas777 It was a process for me as well, my stops are based on how much I am willing to lose, in hopes of having a chart turnaround, and when I've reached my limit I sell. That being said, I also do the best I can to calculate the chart's next move, so I'm not just trading on hope and faith, but rather logic and reasoning.

collegetrader93
collegetrader93 Dec 09, 17 1:41 PM

@Tetyanas777 Might I suggest maybe you try using hard stops? Then work your way to mental stops. I found that really helped me.

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wannabestocktrader
wannabestocktrader Nov 08, 17 5:18 PM

Awesome! @JimJay I know the feeling. I started really studying and investing in my education around the same time, and it's been a struggle, but as long as you keep at it and keep working hard to get better, I'm sure you'll get things turned around. I'm in the same boat, and it sucks at times not being able to hit big solid winners, but you have to trust in yourself that you'll get there eventually.

collegetrader93
collegetrader93 Nov 08, 17 6:48 PM

@davecomb I actually have been following Tim for almost a good year now, but have not committed as much time to studying and watching the market as I currently do now. I think what really helped me was the absurd amount of necessary research I had to put into understanding: terminology, trading patterns, how to recognize trade patterns, controlling my emotions, and understanding when to cut losses. Thankfully I haven't had to cut losses yet, but I've came close.

collegetrader93
collegetrader93 Nov 08, 17 6:50 PM

@JimJay Thank you! I am subscribed to Tim's watchlist, and believe that helps give me direction. I also watch for double bottom reversals, giving me confirmation whether or not to enter a trade.

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