InvestorsHub Logo
Post# of 47295
Next 10
Followers 1651
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

Re: pasqualee post# 43302

Wednesday, 09/10/2014 4:17:34 PM

Wednesday, September 10, 2014 4:17:34 PM

Post# of 47295
No need for sorry. Just pointing out. No need for praise.

You say you want to learn this stuff. But often continue to trade without using this stuff.

The past few weeks I've been including both lessons and charts used in the lessons. You seem to use the charts, but not the lessons taught.

Nothing wrong with developing your own style, based on mine. That's what I hope for. Individual traders, but rules based. If you want to hold longer, you'll end up with larger gains and larger losses. Higher risk is fine. But 1 rule everyone should follow no matter trade style or risk level, is learn to cut losses quick.

I can't stress this enough, for any individual trader. You can't get back what's lost, as easily as bank more gains. When in the same stock or the next one. Catching up is harder then adding more.

Preserving capital is a mindset contrary to wanting/expecting more. It's hard to think, you've made a mistake. Thus holding is a natural mistake, hard to break. Rules make this mindset transformation easier. Choose a wanted gain and acceptable loss and stick to them. One rule that helped me the most. Don't watch a move and decide entry/exit along the way. Emotion always screws with your decision.

Welcome to my mind!


Success to all

IHUB http://investorshub.com/boards/board.asp?board_id=3972
http://youtube.com/lowtrade
Incumbents: Fire them all!! VOTE

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.