Trading Psychology 101

[price_and_volume]

"Losers average losers" more here:

losers average losers We're all familiar w/ this Paul Tudor Jones quote. Some agree, many don't.

I've learned in the OTC penny-scam world, it's best to NOT AVERAGE DOWN, and to protect capital ALWAYS, because clearly most of the tripps & dubbs we all buy into are scams on one level or another.

So I trade them - sometimes in cheap & scale-out into a frenzy, or I wait for a breakout after something has popped-up on my scans.

Futures & Options are different, for different reasons which I'd be happy to discuss if anybody cares.

GL w/ all your trades - don't forget to MONETIZE THEM WHEN ABLE!