Amateur trading move-why traders lose

"not all traders lose but a big reason why most do is because of this:
what the market just did.it was down 15 points and spiked 200 points to the up. amateurs panic buy at the highs and watch there money go red quickly because they start buying"

i dont know how you can predict which way the markety was gonna move but it was gonna move up or down a bit....the fade after the spike was somewhat predictable but then look at what happened to the market cuz of cfc news-no way to see that comin....

today is a good day not to trade-too much whipsaw.

I was short this morning...then couldnt handle all the rock n roll and have been holding myself back from shorting-and glad to not short...couldnt buy th cfc infleunced surge...so buy/short opportunties for me not around for me...sitting on some old longs that are doin well....
 
cocaine loves his cocaine. he needs to stop snorting and start trading. how arrogant he calls himself cocaine. he's proud to be a coke head.strange.
 
Quote from mgabriel01:

"... if it hurts when you stick a pencil in your eye..........stop sticking a pencil in your eye!
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THIS makes a lot of sense.
 
Quote from toc:

let your profits run
cut your losses short

will save you from lots of stabs from wild swings ;-)
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My problem today was too many small losses adding up to a big loss. Damn whipsawing. Should have stayed out.
 
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