I've traded stocks for many, many years. Way back in the early 90's....I only traded O&G and Metals. Got my feet wet...Did well....made mistakes now and then...of course.
Things I learned. Have HARD stops.
Date them.....don't marry them.
I've learned alot from other people..but I know what I'm doing and my way..is just my way.
This current "M" is tough...but I'm still making money....it's harder...but doable.
FWIW-
“Things I learned. Have HARD stops.
Date them.....don’t marry them.”
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Excellent advice. I start keeping my stops at 1-2% below the buy price, putting them in IMMEDIATELY after I buy. Then if the stock goes up, I move up the stops, and tighten them to like 0.75% - 1% below the current price.
First priority is not to lose money.
“Good practice comes from experience. Experience comes from bad practice.”
“I’m still making money.”
So throw us a..bone ...
Where do you see this thing going?
What are you in/watching ?
What indicators do you follow closest?
...just a hint or 2 will do ... thanks