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cut losses quickly
% gain is what I was aiming for. This trade fueled my confidence. Felt speachless. Executed almost as planned, but got greedy since it felt like an easy +10% gain under 3 minutes. Lessons: 1. Follow the plan. 2 Do not get greedy. Confirmation: teachings from the deux'es of Fundamentals- and Pennystocking and SSS and boring habits and video lessons work. Thanks to Timothy Sykes. Next trade: Go for the % gain again on a small position.
This was a fake breakout. Played this one since it spiked in the morning on news and is an earnings winner. Had another fake breakout later that day. I'm new with Interactive brokers and failed to execute as quick as I should have. Lesson: trade with smaller positions until I'm comfortable with Interactive broker.
My first daytrade ever. Got confused by chatroom noise (did not execute my plan). Thanks to Tim I've learned cut my losses ASAP. Lesson 1: Follow whats been P.R.E.P.A.R.E.'d/ cut off outside buzz and noise. Lesson 2: Specify selling positions at IB when cutting losses. Follow up plan: Review Traderchecklist, DVD's and lessons. Confirmed learning: The #1 rule Cut losses quickly.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
