InvestorsHub Logo
Followers 80
Posts 2963
Boards Moderated 1
Alias Born 03/07/2013

Re: imshredin2 post# 25463

Thursday, 03/24/2016 2:38:42 AM

Thursday, March 24, 2016 2:38:42 AM

Post# of 26039
Regardless of how the trade turns out tomorrow (win or lose), don't stress yourself out by averaging down over and over and hope for the stock to do what you want it to do. This will only end in a wiped out account. (Trust me, I've done it plenty of times when I started out). If you are trading for pure speculation and want to hit home runs, then sure, that's no problem. But if you really want to become a better trader in the long run, stick to your strategy and stick to your risk management. This will lead you to be more consistent in winning trades. I just don't like seeing people get stressed and lose money over trading by making emotional decisions. If it was easy, everyone would do it. Anyways, hope I didn't come off in a bad way. Just trying to help ;)

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.