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Thursday, 01/01/2015 9:57:48 AM

Thursday, January 01, 2015 9:57:48 AM

Post# of 842
looking back on my trades for the year, my biggest losses came from adding to bad/losing positions and from accumulating too much of a low trip zero play... my biggest wins were from low float momo NAZ and large $vol OTC's... majority of those bigger wins were from the OTC's i would swing as oppose to scalping too much and the NAZ issues i would scalp 1-3 in a day as oppose to a dozen times... the quick OTC scalps worked on wire plays or post-stream/twitter pumps, but scalping on larger $vol OTC momo/chart/event plays just kept me from making more $ and wasted my time/commissions... my patience was often misplaced, too impatient when i should've let the trade/plan work out, and too patient on bad trades... biggest psychological problem overall was wanting to be right or make a bad decision right, instead of just sucking it up and moving on... market is always right and i need to remember that and forget myself...

moving forward i'm going to focus more on my risk management, patience, and number of trades i make... cut out the noise... no more trip zero pumps (different than the story/news trips), less pumps in general, more patience with the plan i put in place (trusting my experience/knowledge), and managing my size/scaling better... more NAZ and less small $vol OTC...

gotta keep it simple... cut losses quick and don't add to losers... wait for confirmation and give yourself room to scale... focus less on the smaller and riskier trades that can wash out in the end and focus more on the bigger picture trades... patience, discipline, and risk management are the names of the game... can never stop thinking about those...

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