Remember 10% stop loss.
These stocks at this point can really sell off when they go the other way.
If you can't make money with a 10% cushion.
Admit you got it wrong and move on.
You can always go back into that trdae again in the future.
Don't be a bag holder.
Conversation
I feel like once an aspiring trader grasps this, the concept of one 50% win outweighing 4 10% losses comes in reach.
And that just gives a lot of leeway with "being wrong", just cut it at 10%.
It also gives you "tries" to hone entry/exit/holding without breaking the bank.
3
Show additional replies, including those that may contain offensive content
Show



