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Wednesday, April 03, 2013 2:47:31 PM
LOL - Great idea T2M - It takes a lot to trade without the emotional factor getting in the way, but I am doing a much better job at it right now. My best two strategies are to be well diversified and always use stop losses.
Stop losses are the toughest, as I just got stopped out on AMD for a $1700 loss, but when AMD broke that big support and fell below my stop loss I had to sell, regardless of how painful. It is just the way it goes if you want to trade successfully. I currently have 34 stocks in my portfolio and it can be very challenging at times, but it is making me money, so I endure it.
Cheers!
Stop losses are the toughest, as I just got stopped out on AMD for a $1700 loss, but when AMD broke that big support and fell below my stop loss I had to sell, regardless of how painful. It is just the way it goes if you want to trade successfully. I currently have 34 stocks in my portfolio and it can be very challenging at times, but it is making me money, so I endure it.
Cheers!
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