$800
How to to benefit from loss?
- Thread starter GotherL
- Start date
$800
The most obvious tip would be to stop trading in ways that bust accounts. Risk max 1% per trade of account value as per amount limited by stop (maybe increase to 2% later when more experienced) and keep in mind stops can fail, especially on overnight and weekend gaps.
This type of market is not easy, ten always present that they will have days in which you are very happy because you have obtained some extraordinary profit but they will have many others in the only lost streets, it is a matter of learning to manage your emotions and some change of strategy
1. You can benefit from a loss by not repeating it, and
2. Your first problem is daytrading as a strategy. Your second problem is daytrading with $1,000.
See gained, not catching a STD by wasting it on the trading instead.
Andrea Wylan
Sponsor
I agree with Seaweed. For trading to work, you need a plan. That works if followed. Then you need to follow it! Your job is to do that, not "make money" and the money will come. It can be a long process to get to be able to do this. "Following the plan" means you have discipline, a healthy mindset, etc It can take years to obtain this, honestly. But, in my experience, this is the way to get there. It is simple, but not easy.
I definitely learned my lesson on shorting r/s stocks. Myo got me good that chart makes absolutely no sense. Manipulation was hard at play here. I seen these type of big moves a dozen times late in 2019 but haven't seen one in a while and it completely caught me off guard.
But my biggest loss didn't come from being caught off guard. It was when I was bagholding hoping it would reverse instead of just cutting my loss short.
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Sure is,GotherL.
Plan+ execute the plan; plan to get that book the elitetrader noted on 8% stop loss. I like to call losses, business expenses, much less painful. By the way,$300 is too much business expense for $1000, or 2,000 capital. Congrats on winning the trade contest; most blow up accounts in trading contests, or trading that % in accounts, as if it was a trading contest..
,therea no investment opportunities and 99% of the stocks ares scams for money laundering in the stock. only few handlful of stocks are 'investable' and are 'expensive' for buy and hold now.
as for trading. for short term traders it's a rigged casino.
there is rule that no overnight positions in rigged game.
it's not your fault that you loss, in investing in scam market or scam companies who want to go bankrupt. bitcoin is scam multi-level get rich 'scheme' or scam invented by wall street crooks. who feed on people greed like billions poured into lotteries and casinos.
sport betting , lotteries, and slot machines or table games in casinos is more legit form of speculating at least the sports are no rigged. this market is FRAUD operation. by wall street genius crooks. these are pros, they even defrauding the mother of all targets the FEDERAL reserve, robbing main bank. bank of all bankers.
as for trading. for short term traders it's a rigged casino.
there is rule that no overnight positions in rigged game.
it's not your fault that you loss, in investing in scam market or scam companies who want to go bankrupt. bitcoin is scam multi-level get rich 'scheme' or scam invented by wall street crooks. who feed on people greed like billions poured into lotteries and casinos.
sport betting , lotteries, and slot machines or table games in casinos is more legit form of speculating at least the sports are no rigged. this market is FRAUD operation. by wall street genius crooks. these are pros, they even defrauding the mother of all targets the FEDERAL reserve, robbing main bank. bank of all bankers.
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