Hi,sorry to hear that you lost that much money,but I'm willing to give you some sound trading advice.I just need to know a few things,then I'll spell it out to you where you're going wrong,from my 20+ years of experience.Trading is 95% psychological 5% everything else.1)What time frame are you trading,day,short term swing,long term 2)What's your average holding time 3)What is the size of your positions.4)What kind of stocks are you trading and what price range are they in.5)What's the downside risk your taking on each trade either in percentage,points or dollar amount.6)How often do you trade 7)Is your trading based on fact or fiction 8)Where are you getting your information from pertaining to trading 9)Are you keeping a log of all your trade details? 10)Are the trades your taking written with a plan on a daily basis or are you just taking unplanned trades,shots at the market either to get even or you see something that looks good that day? Miketranz.......
ahcsim72
7 posts
msg #124977
- Ignore ahcsim72 9/14/2015 6:50:06 PM
To make a long story short, I made some mistakes on my tradings and lost more than 60K... ============================================
OMG! I must be having a delayed reaction. I was having a terrible anxiety attack and almost burst into tears.
I just realized, I CAN'T buy anymore stocks ... EVER!
I had a huge loss in AMBA.
I will NEVER buy a stock again -- never, ever!
From now on, I'm just trading options.
ahcsim72
7 posts
msg #124977
- Ignore ahcsim72 9/14/2015 6:50:06 PM
To make a long story short, I made some mistakes on my tradings and lost more than 60K... My story gets worst, but I'm tearing up just thinking about it.
=====================================
Call me stupid, but I just thought about something this morning ....
The easiest way for you to make up that money is NOT trading.
Buy one cheap stock, or a basket of cheap stocks and hold for a year or a few years.
Here are some cheapies with good earnings that have gone up in the last year.
TNK
ZAGG
GTN
BLDR
EFOI - was $4.oo in February; went up to $28 by September. Now $14
MEET has a great trend. It has broken through old resistance lines . The trend is up.
To me MEET is one of those stocks that if there is say a uptrend like a EMA(7) cross or above the MA(20) which is the middle Bollinger Band line its a runner. By all the volume spikes other's are playing this too. I put it on a watch list to warn me when it show up on filters that trend to keep a eye on it. As some old posters (Muddy,Wallman and few other's) said once here on SF that runner's tend to run again.
ahcsim72
8 posts
msg #124977
- Ignore ahcsim72 9/14/2015 6:50:06 PM
To make a long story short, I made some mistakes on my tradings and lost more than 60K... My story gets worst, but I'm tearing up just thinking about it.
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