Comments on: My Biggest Loss http://ramtajogi.in/2009/04/my-biggest-loss/ Hacking Life for Money and Fame. Wed, 2 Dec 2009 16:57:23 -0500 hourly 1 http://wordpress.org/?v=3.0 By: Yngvai http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-599 Yngvai Sat, 02 May 2009 22:58:50 +0000 http://ramtajogi.in/?p=567#comment-599 RJ, One more thought. One thing that helped me was going back to trading with very small position sizes. Your gains won't be as much but neither will your losses. And if you can't make money consistently with small position sizes, you won't be able to with large ones either. Once you're consistent with small positions, then you can gradually increase them. RJ,

One more thought. One thing that helped me was going back to trading with very small position sizes. Your gains won’t be as much but neither will your losses. And if you can’t make money consistently with small position sizes, you won’t be able to with large ones either. Once you’re consistent with small positions, then you can gradually increase them.

]]> By: Yngvai http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-596 Yngvai Wed, 29 Apr 2009 01:29:45 +0000 http://ramtajogi.in/?p=567#comment-596 RJ, Awesome that you bought "Trading in the Zone". I was thumbing through it the other day at the bookstore. Looked like a pretty good book on trading psychology and the things you need to think about when setting up a trading system. RJ,

Awesome that you bought “Trading in the Zone”. I was thumbing through it the other day at the bookstore. Looked like a pretty good book on trading psychology and the things you need to think about when setting up a trading system.

]]> By: johnnyvento http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-595 johnnyvento Wed, 29 Apr 2009 00:37:24 +0000 http://ramtajogi.in/?p=567#comment-595 Sorry to hear that Ramta Sorry to hear that Ramta

]]> By: Charlie G. http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-594 Charlie G. Tue, 28 Apr 2009 17:12:54 +0000 http://ramtajogi.in/?p=567#comment-594 SAH is a tough little bugger....still holding up. Paper trading can be helpful, it depends on your personality and how your mind works. For day trading practice, I find it very educational. My emotions and reactions are very similar as if I was using my real account. For overnight holds and swing trading, I personally don't get much from it. The next day I will forget I have open positions. Once I step away from the computer, I'm no longer invested and it changes my risk tolerance, etc. Good luck, as long as we learn from the mistakes, painful loses can profit you in the long run. SAH is a tough little bugger….still holding up.

Paper trading can be helpful, it depends on your personality and how your mind works.

For day trading practice, I find it very educational. My emotions and reactions are very similar as if I was using my real account.

For overnight holds and swing trading, I personally don’t get much from it. The next day I will forget I have open positions. Once I step away from the computer, I’m no longer invested and it changes my risk tolerance, etc.

Good luck, as long as we learn from the mistakes, painful loses can profit you in the long run.

]]> By: RJ http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-592 RJ Sun, 26 Apr 2009 13:47:09 +0000 http://ramtajogi.in/?p=567#comment-592 Beau, I didn't lose 15$ per share. I lost 2.5$ per share. I don't think I agree that my watchlist is poor. I traded SAH perfectly when it broke down after earnings news. It was my mistake to enter SAH again and hold it for as long as I did. And sJ, yes, I will be studying charts and be a true technical trader. Thanks, RJ Beau,

I didn’t lose 15$ per share. I lost 2.5$ per share. I don’t think I agree that my watchlist is poor. I traded SAH perfectly when it broke down after earnings news. It was my mistake to enter SAH again and hold it for as long as I did.

And sJ, yes, I will be studying charts and be a true technical trader.

Thanks,
RJ

]]> By: sJ http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-590 sJ Sat, 25 Apr 2009 23:22:46 +0000 http://ramtajogi.in/?p=567#comment-590 i suggest to spend time studying charts if u want to be technical trader... learn how breakouts and breakdowns work.... never try fighting the trend and make stop loss part of your trading game plan. Always have exit strategy in place before entering a trade...This way u r always in the game.... everytime one lets emotions let over your trading, you end up losing big... good luck !!! i suggest to spend time studying charts if u want to be technical trader…

learn how breakouts and breakdowns work….

never try fighting the trend and make stop loss part of your trading game plan. Always have exit strategy in place before entering a trade…This way u r always in the game….

everytime one lets emotions let over your trading, you end up losing big…

good luck !!!

]]> By: IL Torello http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-589 IL Torello Sat, 25 Apr 2009 00:39:29 +0000 http://ramtajogi.in/?p=567#comment-589 RJ...long time, no hear. School, school, school with me. Oh man, I feel your pain. I admire your perseverance! RJ…long time, no hear. School, school, school with me. Oh man, I feel your pain. I admire your perseverance!

]]> By: Beau Wolinsky http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-588 Beau Wolinsky Fri, 24 Apr 2009 23:40:24 +0000 http://ramtajogi.in/?p=567#comment-588 -$15.71 per share losses, and a four dollar stock....did someone need to tell you that that stock was worthless? This says more about your watchlist selection skills than it does about your trading. If you had a technical reason to trade these stocks, then it's unfortunate you had this in your universe, however, that doesn't get around the fact that any amount of fundamental analysis would have told you this stock is essentially worthless. I think you need to refine your watchlist to only be in highly liquid components, and this will take a lot of the fundamental factors out of your technical strategy. This will be more beneficial if you just started from a quasi-approved watchlist than messing around with junk like this penny stock crap. Just a word of advice from someone who knows. -$15.71 per share losses, and a four dollar stock….did someone need to tell you that that stock was worthless? This says more about your watchlist selection skills than it does about your trading. If you had a technical reason to trade these stocks, then it’s unfortunate you had this in your universe, however, that doesn’t get around the fact that any amount of fundamental analysis would have told you this stock is essentially worthless. I think you need to refine your watchlist to only be in highly liquid components, and this will take a lot of the fundamental factors out of your technical strategy. This will be more beneficial if you just started from a quasi-approved watchlist than messing around with junk like this penny stock crap. Just a word of advice from someone who knows.

]]> By: Yngvai http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-587 Yngvai Fri, 24 Apr 2009 23:39:06 +0000 http://ramtajogi.in/?p=567#comment-587 Congrats on recognizing that the market had made up its mind regarding SAH. It's always important to know that the market doesn't care where you think a stock's price should be....the market is going to do whatever it wants to do. I would agree that paper trading is extremely useful. I had gone back to paper trading for a while to make sure I got my shit together. If you can't make money paper trading, there's no way you'll be able to do it real trading. Congrats on recognizing that the market had made up its mind regarding SAH. It’s always important to know that the market doesn’t care where you think a stock’s price should be….the market is going to do whatever it wants to do.

I would agree that paper trading is extremely useful. I had gone back to paper trading for a while to make sure I got my shit together. If you can’t make money paper trading, there’s no way you’ll be able to do it real trading.

]]> By: Evan http://ramtajogi.in/2009/04/my-biggest-loss/comment-page-1/#comment-586 Evan Fri, 24 Apr 2009 22:27:47 +0000 http://ramtajogi.in/?p=567#comment-586 RJ, All I can say is- I'm with you and know what you're feeling (and at the same time unfortunately).How about we stick to the price action/technicals and quit the fundamental guessing games once and for all?! I've been following your blog for almost a year, btw. We'll get there! Evan RJ,

All I can say is- I’m with you and know what you’re feeling (and at the same time unfortunately).How about we stick to the price action/technicals and quit the fundamental guessing games once and for all?! I’ve been following your blog for almost a year, btw. We’ll get there!

Evan

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