Lord knows, I'm not the best at managing risk, I've managed to lose millions, which is quite a feat since I started with only 4 figures, I'm getting better with age but I still manage to make some major fugg ups. I'm currently building a position in M --- but if it doesnt work out this time - I'll bail.
We all need to learn to manage our risk well, because losing money in this game is a given -- you just have to lose less than you make to stay around.
I bought M one of my IRAs that I'm trying to build up. My equity position in that IRA started with 15k shares of GRBX at cost avg of .125 cents that I had in it last year. The balance today is over $61k (down from about $76k on Monday - just 2 days ago -- 'cuz yeah, I trade some risky stuff). But anyway, I'm gonna try to trade that account up to 7 figures as I've done with another account.
Betting against one another is what the market is all about. If you laid your bet on being short and stock hits my stop-loss, well then you win. No big deal. Happens all the time. If you watch the WSOP though you'll notice that every year you see the same familiar faces -- the guys who win more than they lose --- and stay in the game. That is my goal - to stay in the game. I don't have to win every trade... I just have to be a winner overall - which I am.
I've seen so many haughty young bucks like yourself on iHub come and go. I assume, from their profiles they blew their wad and left. And, since I've been on here (from the 90's - I was grandfathered in in 2000 when they began paid subscriptions) several of the old-timers have died.
If I listened to iHubbers buy/sell advice or bought into their "charting skills" I wouldn't be posting today --- I'd be broke.
