Market Review and HPS Results From Last Week

[manisierra]

I use $10,000 increments when trading, it's easy for my mind frame to see percentages when trading and taking a profit. These videos are really great and charting has been the ONLY way I have ever made profits.

[Elite1987]

I tried trading this year, I'm 24 and I had 20k in my account. It's around $1800 now and I've taken a break for a few months. You said yourself you need to get knocked down a few times before you get this stuff right, I feel like I've learned the emotional aspect. Any advice?

[qw3rtyui0p250]

@Elite1987 Ouch... I interpret the "emotional" aspect as not allowing emotions to interfere with the trade, IE not letting fear, etc make you sell early, and to just stick with your indicators and look at the trade impartially.

[reptarman7]

@Elite1987 How? You need more than 25K so you can get in and out at will. Analyze your past trades on multiple time frames and figure out why you got in and out at the time you did. If all the losses are from overnight gaps, you are trading too small cap or illiquid stocks or putting all you buying power in too few positions. Otherwise, have rules before you get in a trade and stick to them. Trade really small until you get confident in what you are doing.