I think I am finally getting it. I have been trading since 1999 and turned 20k into 60k and watched it go back to 20k. Then eventually blew it out in 2000. Got caught trading bad again in 2008 and quit for a few years. Dabbled with it a little and never did good in the long run. Mainly because I never learned to cut my losses quickly. Also because I was trading the wrong stocks! Then I found Tim Sykes and started learning. I still have a lot of learning to do, but things are coming together and looking a lot better. My last 4 trades have been winners of $150, $180, $170, and $240.
Before, I would hold a lot of positions and some would do really good, but others would do really bad, so my account went nowhere or else down. Normally down. And all of them were big well known stocks and would sometimes get downgraded by analysts and I would lose overnight. It was very frustrating.
I would also hold positions too long having no stop loss, thinking that if I just held them they would go back up. That is until it became too painful and then I would finally sell for a huge loss. Then just throw my hands up and give up!
Right now I am reading the book Trading in the Zone as well as The Complete Penny Stock Course. I think the worst thing that happened to me was when I was completely new to the stock market in 1999 and early 2000 during the dotcom boom and I got lucky and made 300% turning 20k into 60k. I really had no clue about how to trade stocks and got a quick unrealistic experience. I had no teacher back then and actually thought I was smart enough on my own to beat the market.
I am very grateful and blessed to have Tim teaching me and I am watching many videos and learning how to trade and actually make money this time!!!