We must learn to lesson our risk in the trading world and one must always set a mental stop on your trades and you MUST Obey it, write down what you are willing to loose and put a sticky note on your monitor so that it reminds you everyday. It will keep you in the game. I have done that here as well with $KALY , I have a stop loss order on X at 24.50 , I have been trading that from just under $7.00 earlier this year.