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Short Term Trading Weekend Xmas Lounge: 16-18 Dec, page-43

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jas626

7,024 Posts.

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16/12/16

23:47

Post #: 21404942
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Originally posted by Obewan ↑

Merry Christmas to everyone and best wishes for 2017.Thanks for all the time and effort that is spent sharing your wisdom,knowledge and maintaining a sense of humour and respect.Finding the STT community on HC has not only helped my trading it has helped me finding myself and giving something back.

My greatest lesson for 2016 would have to be taking a loss early enough and moving on.This year is my first of serious trading and spec stocks,so I have made plenty of stupid buys.I hate losing money,but whether it's $100/1000/10000 for me it's like ripping off a band-aid
1.Apprehension and trepidation,should I?/shouldn't I,fear,doubt.
2.Hit the button/rip it/scream and swear
3.Pain gives way to relief and mild euphoria.

My aim to improve returns in 2017 is to work on entry timing and exit strategies particularly with ST trades.My biggest regrets have not been outright losses,but the missed gains from selling too early.I am sure everyone can relate to that.
For that I plan to keep working on TA,I am soaking information bit by bit and finding my way.

Overall it has been a good year for me,at this stage I am in the green zone which is reasonable for a rookie.Not getting ahead of myself too much but looking forward to 2017.

Cheers
Happy trading

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I'm not sure what is worse selling for a loss or selling too early and seeing all the money you could have made if you held on
actually the worse thing imo is selling out for a loss then a week later that stock bags lol.
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Short Term Trading Weekend Xmas Lounge: 16-18 Dec, page-43

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