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I always find myself on the opposite end of a huge move. What gives? I don't know. Maybe it is because I only move my stops, and don't mess with my profit targets. I think it is because I am doing something wrong when trying to follow trends. And this following excerpt is just what I am...

Guys, Sorry for not updating. I guess you all knew the eventual outcome, but just didn't know when. Well, I don't know when either. But, I am -$390 for the last two days. And that should make it around $700&some change in my account. Don't know the exact numbers since the Account...

Thats the game plan. Only trade in the mornings or till I reach the +$200 (my daily target where I quit trading) or -$200. After the huge scare on Friday, my goal is to slowly but surely build this account where I could keep some money for myself and pay this loan back ASAP. On friday...

What went wrong: When I took cash advance on my credit card, I did it because I knew I was going to make enough money to pay it back and have my own account within a week. But that didn't happen. I actually made some money. Everyday I am ahead from the day and I seem to lose all that and...

What are you saying? and maybe you were born with being able to take stops and that is good for you.

I am right where I want to be: I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much...

What was it then? Damn, I didn't think it would quit going down. Oh man, it is just beautiful to see money racing up and down on the screen.

I finally know what I am doing wrong. I take a position, and as the price moves away, I stand firm and wait for prices to come back to my position rather than moving along with prices. I wish I noticed that a bit early on today. I need to chase prices. I need to bend and mold along with...

Is there a reason for a huge sell off like this?

oh shit.. -$1,000, there goes my account.

Hey, where is the support at? I'm long.

I know I am not the only one who has to fight this tendency to let the losers get too big. Can someone tell me how they overcome this. Did you trade on the simulator till you quit taking large losses? Because I traded on the simulator and I was cutting my losses short, but now I am finding...

1) Lots 2) Two that stands out as in I look through my shelf, not necessarily two that I found to be most helpful, but the two that captured my attention in a way that I had to finish reading it before I put it down are The Logical Trader: Applying Method to the Madness by Fisher, and...

Todays Results Beginning Account Value: $1,280 (correction from yesterday) Till 11:30 AM Today: +$ 560 Account Total: +$1880 Total for Thursday: -$240 Total Account Value: $1,040 I was trading so good this morning. I never allowed a loss get too big. Then, I crumbled under...

I probably should be trading on the simulator. But, I really have an edge, and I really want to see what happens to my $358 before I have $930 left. Thank you all for some great lessons.

Finally an advice that is different from say out of the markets. And you know what guys, that alone right there is worth the $1,000. I will not lose more than -$50 on one trade. And I am going to run this $900 dollar Cash Advance on my credit card into $100,000. Thanks.

What happened? You allowed your profit to turn into a loser?

Even if the situation was cleared, I was kind of thinking that it was still a scary situation. Thus, I just didn't see that it could turn around with such an abrupt turn of momentum. I know I wasn't quick enough to catch it. Today was a great experience. Well worth the $1,000 I spend on it...

^oh man.. I deleted that reply because I was writing that when FuturesTrader71 was replying to this thread. Thus, I felt that was the inappropriate thing to say. Thanks for saving it. Good save :D

Guys, the question is where would you've gotten out of that trade. Because it is a perfectly normal thing to short when it is just plummenting down.