daytrading may 25 morning, page-108

bazinga!,

My mistake is that my failed day trades have BECOME my portfolio - and I haven't sold them because I am trying to convince myself there is SO MUCH potential....

I have learnt the hard way from the old hands here that ruthless stop-loss is the way to go, especially in the current environment.

Don't be afraid to miss out on a rise. If you remember that there are plenty of opportunities out there, it's easier to sell and watch something you've sold go up. Be happy for those who won, and move on.

As for holding your doggies, I found that selling them ASAP is best. That way, you free your mind and have cash for stocks that are going up NOW. Also, if you sell at a loss, it's a capital gains tax deduction. And those doggies often keep going down. Or half go up and the other half go down, so you are just as well off selling. JIMO.

Get back in the saddle! You had 19 wins in a row from pip trading if I remember rightly. That's fantastic! Maybe set yourself the plan of selling within 1 hour? Have an hourglass sitting in front of you?