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Showing content with the highest reputation on 06/10/2018 in Posts

  1. 1 point
    Excellent tracking! When your up for the week it builds this sense of over confidence, for me at least, and I tend to become more aggressive and take trades I shouldn't. When I am up for the week and feeling that euphoria type feeling you get especially when trading in real account, i found trading less the next day or smaller size helps you protect profits you made that week. Any-who, keeping track of your trades this way will help you big time when you go live! Great job. Carlos
  2. 1 point
    Nice stats, Nassar. I noticed you taking 2k shares of $MU. What is your Buying Power set to? Based on the P&L and those share sizes, looks like you're returning < 0.05/share on average. Is your strategy to scalp small moves with large size?
  3. 1 point
    Hey guys, This has happened to me as well several times. I set a target and in a lot of cases the price action does not reach it. Now I do keep in mind, what Andrew has explained in his class and recap videos, the Target is an area not a set price. What has helped my trading a lot against this is the scaling out of a trade once it has moved .30 to .40 cents or so regardless if it has reached the target depending on how the price action is going. If the stock is moving really fast towards my target then I let it ride, the second I see some hesitation in momentum or any sign of a pull back I take some profits off the table. This way I got some green in my pocket but still have some left incase the stock decides to continue towards the target. Too many times have I let a stock go against me for being stubborn and waiting for my profit target to get hit. We are not doing anything wrong by having a reasonable target that does not get hit. Is just the way the market is, you never know what will happened we just need to be prepare for what it does and check the price action for what signals we are getting. Carlos
  4. 1 point
    My biggest mistakes include, but are not limited to: -Revenge trading. Repeatedly trading the same choppy stock over and over as if it personally owes me money. -Over trading. Thinking I can recover from losses by taking low quality setups in rapid succession. -Not stopping at daily goal or 11:30 AM. Slowly giving back all my gains. -Not stopping out. Freezing like a deer in the headlights and letting a small loss grow into a big one. -Not taking a break after a bad trade. Continuing to trade when my psychology is in tatters. -Thinking I need to be in every move. Forcing bad trades rather than waiting for the chart to provide confirmation. -Increasing share size when losing. Trying to double down and recoup losses. After seeing how consistent my trading can be when not doing the above, I've realized that trading is 90% psychology. When I'm able to be disciplined and controlled, the money comes easily. When I regress and repeat bad habits, losses can quickly spiral out of hand.
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