Replies to post #21571 on lowtrade

[phrantic]

I've spent many weekends/evenings doing nothing but reading and studying chart TA on this board. It's a great way to stop the bleeding.

[PlanTrader]

Picassa, why didn't you determine your risk upfront by using a trade plan as lowtrade always says to do? Then, you could enter again after the stock gets strong again and triggers your entry price? That way, you would only take a small loss initially and would still have a shot at a nice profitable trade later. Are you still trading on emotion? You seem to start out with some decent chart analysis, but then you throw out the idea of using a stoploss order as part of a trade plan? Have to use an exit target, too. Keep studying lowtrade's teachings. It's one of the only solid ways to avoid being a victim and watching small losses turn into large ones.

I still think silver will end up a lot higher, though.

[lowtrade]

Same thing happens when I buy a running stock. But sometimes errors are not because of poor luck as much as early buying and late selling. Bit by bit will get you to the same goals. It's all in the numbers used in the trading plan.

[trader guy]

Picassa, are you trading with real money or paper trading? I ask this because with paper trades there is no money to be made and no money to be lost, at least no real money. Therefore, emotion is much less a factor. It really helps to paper trade until one gets a handle on what works and what doesn't because it becomes so much easier to remain objective. It also really helps to learn the ins and outs of charting and TA. And something else, fundamental DD has no place in trading unless the charts and TA support it. Then its time to get in and make some money.