CL Practice Trading Results for 2011 08 12
I really frustrated myself at the end of the day. I did a trade to catch a bounce, but it went down further. Based on volume, I averaged down with another 2 contracts. The price came back up in my favor, and instead of taking another $500-$800 or so profit, I decided to give it a chance to develop. Well, I ended up taking a significant loss and gave back a lot of my profit. I was up $1,700+ at the time. However, I still ended with a good profit so I will be happy with that and continue to learn.
I really frustrated myself at the end of the day. I did a trade to catch a bounce, but it went down further. Based on volume, I averaged down with another 2 contracts. The price came back up in my favor, and instead of taking another $500-$800 or so profit, I decided to give it a chance to develop. Well, I ended up taking a significant loss and gave back a lot of my profit. I was up $1,700+ at the time. However, I still ended with a good profit so I will be happy with that and continue to learn.
I hope I shall possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man.
George Washington
My posts are my personal opinions. I will never be paid to promote or bash a stock.
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