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[QUOTE]Originally posted by The Bigfoot: [QB] jg. I just uncovered your thread. (Only took me a year eh? LOL) Good Luck to you! I would like to give you a pep talk and a few recommendations as you take this on a second time. Keeping your money in cash is a form of taking a position. In fact, it should be your primary position. If your cash is spending more time in stocks than it is in your account than you are taking unnecessary risks. For this type of dip and dunk trading MOMO is king. Don't try to call bottoms or get in on the ground floor of anything. Predictions are for speculators. You are a shark that only moves in when the smell of blood is in the water. Look for movers that are already well into their bounce but show no signs of slowing. If the trading even starts to lag - sell. If it is taking you more than 2 minutes to decide to sell you are not being assertive enough in your exit decisions and will get caught again. Never never never never never never never hold overnight! If you feel you should be holding overnight then you are either A) In a runner and no longer playing the 3% program. Or B) in a stock you should have sold hours ago. Always keep your head in the game. This program is about 200 trades, not 200 investments. You are Donald Trump...if your stock is not performing as expected "Fire Them!" As your zeros grow the zeros in the stocks that you let yourself invest in should shrink. I.E. when you have 3k let yourself trade down to $.01. When you have 10k only let yourself trade down to $.10. When you have 100k (WHEN...not IF!) only let yourself trade down to $1.00. When you have 200k only let yourself trade down to $2.00. When you have 300k only let yourself trade down to $3.00. Et cetera, Et cetera, and so forth. This will keep you in stocks where your coin is not likely to overwhelm the trading patterns. (You should always check the OS prior to entering just to be sure. Never own more than what is trading over a few minutes span. Never own more than a full percent of the OS.) Remember your goal above all else. This is not about the company, this is not about the stock, this is not about news or revenues or profits or dividends. This is not about ****ging, this is not about friends, this is not about other traders and their opinions. This is about 3%. Period. Cut SIRI. Now. Your last post says it all. [QUOTE]Originally posted by jgrecoconstr: [qb] If SIRI keeps this up I'll only be down 50% in awhile. [/qb][/QUOTE]This stock and the loss you are not willing to accept is making you feel defeated and helpless. You cannot succeed with this type of program with that kind of baggage! It is slowing you down. Cut it away from you...take a week off...shake out the rest of your emotions...and when you come back SIRI did not exist. Always: the previous trade did not exist. That is the past, your head needs to be continually focused on the present. Be ready to hit sell the second the stocks start doing something you don't like and move on. In the future don't 'think', 'KNOW'. If you 'think' XEM is going to go up 3%? Don't get in. That isn't good enough. 'KNOW' XEM is on fire, is going to go up 3%, and it is going to do it within the next 45 minutes. Be assertive and uncompromising like you have never before been in your life. And behind all of this, every single time you sit down to the computer to do anything that has to do with stocks you are to say out loud as your mantra "I deserve to be happy. I deserve to be healthy. I deserve to be wealthy. I am going to take what I deserve." Every time you sit down to the computer your sole focus should be on taking what you deserve. Do this and your mind will be in the right spot to make the trades you need to succeed. My only request - after your time of single minded focus is done...When you have succeeded and taken what you deserve. Don't only make your life better. Make the life of someone else better too. The world is full of people looking for an opportunity. You are now one of the few who has learned that opportunities are not found. They are either given...or they are taken. First you take...then you give. Bigfoot [/QB][/QUOTE]
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