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And then back it zoomed to over $100. I finally got out about $90.
My point here is you can't have the conviction to do this kind of trading unless you have a proven system. Rules you are 100% happy with. You must be disciplined and whatever you do..NEVER listen to any outside advice. I'll bet my life everyone was screaming sell TZOO at $70....$60 and $50....
This kind of trading leads to massive % moves in stocks. It stops you from over trading as well. Have you ever bought a stock. Made a quick 20%+ profit in it then sold. Patted your-self on the back and said "a job well done" You then go and trade another 2 stocks and lose 10% on each one. giving back al your profits. Now the real sickener is the stock you sold out of for that quick 20% profit in is now up 100%......And you feel sick. You could have made much bigger profits by simply hanging in there. Do NOT OVERTRADE.....another big reason people lose.
Enough from me. I hope you at least think about what I say here. Stock trading is unlike any business in the world. It's not about "work" as such but about managing emotions and trading to a set method and being true to that method. Many people struggle here....professional money managers included.
Master this and the "world is you oyster" It's your call.
Sincerely
Mark Crisp
About the Author
Mark Crisp is the creator of the Momentum Stock Trading System Making stress free huge profits trading in stocks only 4-8 times every year. http://www.stressfreetrading.com
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