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Ned Serious

04/01/09 9:10 AM

#77493 RE: letsmakesummoney #77478

letsmakesummoney,

We all feel that way at one point. Take a moment, to step back and breathe and examine your past trades and why they were successful or not. A good idea is to keep a short trade journal for each trade and the reasons the trade did or didn't work out. Chart will often list the overall reasons why he's entering and exiting a trade, sometimes the stock starts to deviate from the trend and he's out. You can learn as much from when he exits as from when he enters.

I'm just a student but am learning much by lurking and popping in and asking questions when i'm boggled. Most mistakes I made were in wanting the stock to do what I wanted it to do, getting emotional and not letting it come to me. I've changed my attitude and realized that there's thousands of plays, so if it doesn't fit all of your criteria, wait for the one that does, and that will prolly work much better.

In any given week, there's normally 3 or 4 plays that Chart is involved with, take a gander at each and decide which one works best for you.

The past trades that worked, and the past ones that didn't work are, just that, all in the past. Live, Learn, and today is a new day, so lets go get 'em and become smarter traders.

I was going to say lets become "Swingers", but I hardly know you.