So in my previous post
Click Here to read it I talked about how in trading you don't have to worry about losers, you can choose how much you want to lose so it is totally in your control. The main goal is to manage your winning trades to ensure you PULL out nasty amounts of GAINS! Conclusion of today, look for RISK/REWARD and get an understanding of how much room you need to make money in your trades. Exmaple: Look for tight stops! See if the stock will allow you maximize gains!
Today is a great example:
Total R: +2.31R
Winners:
Trade 1: $AMAT + .59R Winner
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Trade 2: $NTAP +1.92R Winner
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Losers:
$DISH -.17R Loser
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I had another very small loser, it was only -.04R
Key to Success: Cut Losers, Maximize winners and honestly review each stock and ask yourself "it this stock worth my money?" "will it pay me out good or am I just forcing it?" If you feel like you are forcing then just don't take it, its not worth your money or your time.
Below is Profit / Loss for Today.
+2.31R