InvestorsHub Logo

RainerRocks

05/26/16 8:52 PM

#9756 RE: Hei5enberg #9755

When I say never look back,I mean don't worry about a loss,they will happen,so don't look to get even.It will mess with your mind.

Clear your mind and move onto next trade.Can be same stock,just forget about the loss and be sure to exit a bad trade right away. Keep losses small and ride the winners.Winners will make the losses seem small,so don't look back on the losses.

Wash sales only count if you lose a trade ,if you win every time with that stock ,wash trades don't matter.You just pay taxes end of year anyway.

Remember,it's not how many winning trades or losses you have,it's how much you make or lose on each trade that counts,as long as you cut the losing ones right away.

Yes,patience is the king in trading,always wait for your entry and never rush into a trade.

TOS has some great tools and studies.Check out TOS how to videos on you tube if you need assistance.Lot's of good info there.

How big is your screen that you trade on ?