tompappolla

Did you say you started with 1k in Nov.2014 and this the end of Feb. 2015 and your over 9k that is wow great. Can you please take 5 min. and look at my chart tompappolla and make any comment that may help me. I don't talk much in the chat because i'm a very slow typer and a very bad speller I am not going to give up because I know I can do this. thankyou. @Jules02

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Jules02
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Jules02 Feb 21, 15 8:11 PM

@tompappolla hi and thank you. So I am still a beginner and am learning new things everyday. With that in mind, I looked at your trades. One thing that I noticed is that your losing trades outweigh your winning trades as far as the dollar amount. Try to cut your losses quicker. Also maybe it would help if you used a mental trailing stop for your winning trades so that you're not giving up profits once you have them..and they will also enable you to let your winning trades run. Even if you'

Jules02
Jules02 Feb 21, 15 8:16 PM

Even if you are winning 50% of your trades, you will still be a profitable trader as long as you let your winners run and cut losses quickly. Also get to know areas of support and resistance like the back of your hand. That way you will know before hand when a stock is going to pull back and you can make a decision whether or not you're going to take profits before it even gets there.

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