Comments on: One Loser. One Winner.

By: RJ

RJ — Thu, 06 Nov 2008 06:33:30 +0000

Yes Adam, I did hold. I put up a new post discussing the trade. Find it here: http://ramtajogi.in/2008/11/my-biggest-winner/

By: Tortexal

Tortexal — Thu, 06 Nov 2008 00:04:07 +0000

Were you able to hold onto BEE today? hope so, perfect play

By: IL Torello

IL Torello — Sat, 01 Nov 2008 07:22:29 +0000

Jeepee…exactly! Discipline is key, along with patience! I’ve had many expensive lessons on discipline and patience!

By: IL Torello

IL Torello — Sat, 01 Nov 2008 07:21:16 +0000

Great job Ramtajogi!I enjoy learning from you. Tim’s an awesome trader and I’ve learned so much from him actually. His strategy’s so simple I think. I’m just too cheap to sign up for Timalerts! I’m waiting for SPAR to turn red and I’ll jump in! Good luck always…Like your blog!

By: Avery aka TheRumpledOne

Avery aka TheRumpledOne — Sat, 01 Nov 2008 04:42:50 +0000

“After that trade, I remember reading somewhere about a guy who trades the same stock every day. I found that discussion on Stock Fetcher Forums. TRO, The Rumpled One, taught Chip how one can profit even if they decide to trade only one stock. I think this is a GREAT idea. If you watch only one stock, day in and day out, you can become very good at spotting the opportunities early and making money off it.”

You have to do this for at least a month to get the hang of it. You made ONE trade and then abandoned ship. You will NEVER learn that way.

Visit one of my NEVER LOSE AGAIN threads and perhaps something will “click” for you like it has for others.

By: YngvaiMalmsteve

YngvaiMalmsteve — Fri, 31 Oct 2008 21:52:10 +0000

The reason you got charged $30 is because TOS automatically reverts to a per share commission on stops and conditional orders.

This is why I don’t use stops or conditional orders, because I would pay too much in commissions on trades of more than 700 shares or so.

By: RJ

RJ — Fri, 31 Oct 2008 05:57:31 +0000

Yes, I will definitely stick to my stop orders. In fact, I don’t think I will ever trade without my OCO orders. I think that’s the only way to keep yourself disciplined.

Thanks for stopping by and commenting!

By: Jeepee

Jeepee — Fri, 31 Oct 2008 05:47:48 +0000

Hi Ramta, great post. Well risk /reward ratio differs from one individual to another I guess. Dont give up on using your stops, just fine tune them. It will takes some time but you’ll get the rewards if you stick with it.

I couldnt trade all week either, too much work in the day job, I know that’s the time I have to watch myself for making impulsive trades. Dont tempt yourself too much by hanging around in the chat rooms.

Hang in there, motivation is what gets you going, discipline is what keeps you in the game!