I almost lost my Shirt , trading today

Well i have to say
i have been making $100 , $80 per day
and have gained a lot of confidence :)
hope fully
But if i would have cut my losses on fri i would have been up :(
any way let hope small and steady
 
Quote from ksonsinc:

Well i have to say
i have been making $100 , $80 per day
and have gained a lot of confidence :)
hope fully
But if i would have cut my losses on fri i would have been up :(
any way let hope small and steady
More...

Past is gone and future is make believe. In the end, we all die and makes no difference. But while we are here now, do the hard thing!
 
If trading during the day, you really need to review the daily charts for trends or potential reversals of trends. Bearish divergence on Macd and RSI recently would have had you looking for places to short instead of going long. My opinion is you should always look at longer term charts to determine the bias that you will look for intraday
 
Quote from ksonsinc:

Well i have to say Fri 20 2006 was a tuff day
i have never been down more then $300 on my pl since i started trading past 2 week
Today i was down (- 2000 )
I was playing with lot of 1000 shares which i usually dont play with
ever trade went against me and i held till 4.00 a clock to sell every thing at the worst level
Well we all thought there would be a little buying coming in but it did not it just went to the lowest level it could
I had been up $500 for the week but i guess i am now down (-1500 for the week due to my stupid mistake and stubborness
I am lucky that i did not average down as the system did not let me other wise i would have been way way down as the market never looked back :(
have you been in such a situtation and how do u come over it
Like the fear the loss the depression
please advice or give me your oponion
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If it makes you feel any better, i took a big hit today (weds) on my energy stocks (specifically VLO & XOM - got stopped out on both, gave back most of my gains from the past 5 sessions).....today i'm pissed, tomorrow i'll get a laugh about it......its a game of ups and downs, you win some, and you lose some, but just keep fighting. best of luck in the future.
 
hey Buy1Sell2
Can you tell me a good web site where i can see the moving avareage daily charts for trends reversal trends an all somethig usefull
thnak you


hey jsmooth
How much did you loose ( when i lost i was really down Didnt want to go to trade again due to my stupid mistake :(
But i am back up and averaging $100 to $80 a day
And to loose $FKING$2000 how could i have done it ) : (
 
The reason you probably lost your shirt is because ever sense our wonderful president went to war, this country is in
2.28 billion dollar debt per day sense september and shows no signs of being over any time soon... hence a bear market.
 
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