$heff's $tation of $tocks & $olid DD

[pmony5]

O.T. The biggest mistake I see young traders make is entering a full position in one shot or 1 day.... NO one can call a perfect top or bottom so first allocate a proper % of your portfolio that you want to own of a stock ( No Texas Holdum All In's ) then buy 20% of that full position you desire, be patient do DD, check message boards, filings & most importantly spend a few days seeing how it trades, add in small pieces over weeks not minutes. The stock may start rising but I would rather avg up then down. Once in a full position use proper discipline of 8 to 10% drop from your completed avg price = sell no excuses... If the story changes for the worse regardless sell ASAP.... You must always use good discipline to protect your capital without $$$ = no tools to make money.....By utilizing these & other strong disciplines it takes the emotion out of trading & allows for clear thoughts. On winners let them run & use a trailing stop as the shares keep rising move your stop up....Hope this helps & remember every day we get new opportunities so getting trapped & refusing to take losses is a poor choice & waste of valuable money making time....GLTA & make $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$