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timothysykes
1
timothysykes Jun 15, 16 8:11 AM

Small losses are fine but you need to stop thinking bout prior trades, take it 1 trade at a time, see how I turned around my recent losing streak too

stockBuddy
stockBuddy Jun 15, 16 8:19 AM

I agree Tim, I break most of the rules but I am learnings lots of things I have gotten good at cutting losses way before disaster now that I know better

stockBuddy
stockBuddy Jun 15, 16 8:23 AM

I had a 50% loss a while back that I think about everytime I place a trade and that lesson had allowed me to realize when I'm wrong and get out , it was XLIT and like a fool I went long with my tiny account when the short sellers where moving in

imtiazahmad007
imtiazahmad007 Jun 15, 16 8:41 AM

Just put in 10-15% of your account on the line on any given trade. Not more unless Tim speaks of an orgasm.

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stockBuddy
stockBuddy Jun 08, 16 2:40 PM

But great job sticking to th plan, I'm slowly trying to train myself

Doncematic
1
Doncematic Jun 08, 16 3:38 PM

@stockBuddy Yes today I fucked up big time lol, still up overall on GEVO, but I had to take my biggest loss so far. Will do a blog post about it tomorrow... I think I made every mistake in the books here... But it still does not bother me that much, it's all for the same purpose: to learn.

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Doncematic
Doncematic Jun 07, 16 8:37 AM

@stockBuddy awesome haha, please let me know when you're on twitter. How are you doing at the moment on trading?

stockBuddy
stockBuddy Jun 07, 16 9:08 AM

I just went in the red yesterday, so more to learn but I'm getting better at trading with a plan, still a few impulse trades but I'm at least cutting losses a lot quicker than before, biggest loser was 50% when I had no concept of cutting losses

stockBuddy
stockBuddy Jun 07, 16 9:08 AM

I will never lose 50% on a single trade ever again

Doncematic
Doncematic Jun 08, 16 1:28 AM

@stockBuddy Sorry that you're in the red now, but as long as you learn from mistakes, i's actually something good! Losing 50% sounds like a bitch... ouch. So far I've always used hard stop losses, and will defenitely continue to do so. It sucks geting stopped out at the bottom, but at least I'm not risking disaster. As long as my risk/reward ratios were ok, I am totally content with losing on a trade

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SRobertF
1
SRobertF Jun 06, 16 11:25 PM

hang in there i've learned the most every time i lose. i opened with 1500 took half and planned on losing it. I've become more patient, more notes and written plans, more DD and market chatter research, more bookmark tabs than ever for all the pages to get info from.(http://investorshub.advfn.com/MOMOS-BREAKOUT-BOARD-4929/) he has a ton to make you go back to studying what the heck your looking at. And most of all to put aside the dollar ammounts and focus on the

SRobertF
SRobertF Jun 06, 16 11:25 PM

focus on the Trade itself THE PLAN

stockBuddy
stockBuddy Jun 06, 16 11:29 PM

I think I'll pull through, thanks for the info I'll look into it when I'm in a better mindset.

YawnAlot
1
YawnAlot Jun 07, 16 12:49 AM

Glad you notice your mindset plays a role, I personally started hearing the audio book Trading in the Zone by Mark Douglas, recommended by Tri Force trader, Its mind opening, you can get it free with a trial i believe. highly recommended

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stockBuddy
stockBuddy Jun 02, 16 3:03 PM

Same here i held over night and premarket was struggling to go up in price but I gave it a chance when it opened and it started to dip and I held for a bit and then I remembered what Tim says when things aren't working out so I immediately sold for a 75 dollar loss and shortly after the stock really fell off a cliff , HTMM has already taught me a lot

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Sooks
Sooks Jun 01, 16 10:49 PM

Well, it is an old Pump so idk.

togmaster
togmaster Jun 01, 16 11:12 PM

I think you answered your own question with your last sentence.

NoviceUnicorn
NoviceUnicorn Jun 02, 16 12:20 AM

The news on OPTT is junk. It's a 1m deal on -12m rev... this is nothing more than day traders turning into piranah's. Anything with negative revenues is going to crash to floor. Unless it is Amazon or Tesla..... ; )

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NoviceUnicorn
NoviceUnicorn May 28, 16 2:34 AM

@G_Moe22 I am hesitant to give advice as I have only been trading for 4 months. This strat is fairly simple but, I am still working on it. I will post it on my wall right now.

NoviceUnicorn
NoviceUnicorn May 28, 16 3:27 AM

@G_Moe22 I am working on a wall post. Will try to get it done tomorrow. Don't want to miss anything.

stockBuddy
stockBuddy May 28, 16 12:38 PM

I had NERV on my radar right before the open and didn't have time to do my full research but the setup I saw was a no brainier so I jumped in on it and held about an hour and saw a reversal in the trend and sold for a very small profit, but after I sold I found out it was a fake dip and continued on for another 3 dollar gain per share

stockBuddy
stockBuddy May 28, 16 12:41 PM

So I missed the real profit but Im happy i didn't lose and I was able to spot a winner before it happened, this stock is still near the 52w high and hasn't broke it, a see another great run for this stock, timing is everything

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stockBuddy
1
stockBuddy May 25, 16 8:41 AM

good luck my friend, this stock has a lot of new audience on the OTC as well so be careful it's still a fairly cheap price, just remember pigs get fat, hogs get slaughtered

iJasonR
iJasonR May 25, 16 8:48 AM

Yeah, I'm actually glad i took a small position. I invested half the profits from the 5.3k shares I traded earlier that day.

stockBuddy
stockBuddy May 25, 16 8:51 AM

That's not so bad then, good luck to ya hope it goes great for ya

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Joe_Wall_Street
Joe_Wall_Street May 21, 16 6:33 AM

I agree with the Trailing Stop-Order suggestion. I love that feature. It always saves my rear end.

stockBuddy
stockBuddy May 21, 16 9:57 AM

I'll get my crap together next time, at least this stock has a good chance of spiking , I've noticed a lot of stocks do after being delisted

dbryant85
dbryant85 May 21, 16 7:55 PM

When did you buy it? If you bought it at open Friday you're really only protecting about 70 dollars. Every little bit counts but the best chance to make any real money was midday when it hit nearly 11 cents. You might be better off waiting to see if there's a morning pop to gain a little extra.

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