Received 2 Karmas
peidlow
1
peidlow Oct 13, 17 12:48 PM

Buy 50 shares next time, or end of day if it holds near it's highs. Buying 50 shares at $2.19, it would have to drop below the opening price down to $1.19 just for you to lose $50 which is unlikely to happen right away. Think of potential loss first. Would you be up a lot if you only purchased 50 shares? No, but you'd be up over a dollar a share right now and still going. It's not about the money, it's about the process. Take comfort in the fact you were dead on, and use that ammo for the next p

jsiv95
1
jsiv95 Oct 13, 17 2:27 PM

you have to accept that loosing is quintessential when it comes to trading. Learning how to lose is probably the best thing that can happen to you right now. don't learn to make money. learn to lose small. embrace the losers. they make you a better trader.

jsiv95
3
jsiv95 Oct 13, 17 2:31 PM

trading smaller won't help you if have the wrong mindset from the get go. By trading smaller what you're actually trying to do is minimizing the fear of losing. You don't want that, its the wrong mindset. its not about minimizing the fear, its about accepting it.

MoCurley
MoCurley Oct 13, 17 5:43 PM

@_Tradeswell_ @Rebela007 @Jay95570, thank you guys so much I really appreciate all the input. It seems like an amazing community and all this commentary definitely helps I'm looking forward to Monday and trying a small trade win or lose. Thanks for taking the time out to respond to my post I really really appreciate all of the input and it's really helped with the mindset and perspective!

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