There's a lot of full time daytraders that invest and a lot of investors who take the odd trade. Of the few who successfully daytrade, i'd be surprised if that was purely what they do.
Taking losses is part and parcel of the game. I lost about 20% of my limited capital early on due to one of my trades going into administration. A tough lesson, but one i learnt from.
My second biggest loss last year (9k) was a failed merger, but it was a blessing in disguise. My reaction to it was unemotional and i began trading larger value amounts shortly afterwards as i knew i could make rational decisions after upping the dollar amount i was trading.
Don't try and run before you can walk - don't overleverage yourself until you know what you're doing. Only trade amounts where the dollar moves don't stress you too much and you can make calculated decisions, rather than emotional ones. Learn from your mistakes. Analyse your own trades and only blame yourself if it doesn't work out.
- Forums
- ASX - By Stock
- hot copper
There's a lot of full time daytraders that invest and a lot of...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a |
Open | High | Low |
7,987.9 | 8,079.0 | 7,979.5 |
Featured News
XJO (ASX) Chart |