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Paper trade first to develop a strategy and risk tolerance. If you can't be profitable in practice, you won't be profitable with real money

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Start with a longer time horizon with swing trading in high quality stocks. Work your way down to a time horizon you still feel comfortable with. You need to 10-100x your investment pool to diversify your plays. Otherwise it's easier to just go to the casino and bet it all on black.

Examine your fundamentals. Did you have an exist strategy and fail to act on it? What signals did you have to get out earlier? What were your signals for entry? How can you adjust your entry signals?

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Don’t get emotional over it. That’s the worse thing you could do. Take the lesson and learn from it. Try to figure out where it went wrong, and look for those signals again in future trades to stop it happening again.

In regards to ‘recovering’. Don’t chase one big win. Small steps back up are the way, any big wins are a bonus. Be patient. You’ve got this.

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If you’re passionate about it and want to make this work, keep going back. Watch your position size and use stop orders.

Related Posts

Finished my written and got my medical - starting flight training next week - any help welcome!

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Girlfriend of 3 years cheated on me right before we were supposed to leave the state and move in together. We broke up about 4 months ago. I couldn’t demonize her, so I’m still struggling with processing it and idk what to do. I’ve been looking into therapy, but I can only do online which leaves me hesitant. Any advice would be appreciated.

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Have 350k in cash, have unfortunately been super conservative or rather I would say silly holding money in the bank all this while. What would be a reasonable strategy to invest this money?

likesmart

I’m hiring a part time remote recruiter! Minimum of 3 years of recruiting experience, at least one year of DoD recruiting. Please feel free to message me if you’re interested or know someone who is!

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Is anyone working somewhere with a hiring freeze right now? I started this job about 6 months ago and I'm worried I'll be the first one out now that they're officially pausing. Should I be looking for another job, and how much will this affect my resume if I get laid off?

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I am a technical recruiter with three years of experience. I am currently interviewing at a series B tech start up located in CA for a fully remote position. I am currently in Texas and don’t have to pay state income taxes. I am making about 90 K and would love to bump up my salary from there. My question is, what is a fair salary to ask for that will factor in both the new income tax and a raise? My other question is what is a fair salary in general for somebody with three years experience?

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PwC partners have any comments on the cohort model? A lot of complaints in PwC bowl arising from the disappointing adjustment and the constraints the model has imposed on career growth

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On some days I feel like I haven’t been productive all day. Something at home needs my attention or I feel distracted by absolutely anything and not a lot gets done
What do you do on days like this?

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Me 2 months ago: Finally got Hamilton tickets this year! What could go wrong?

😭😭😭😭😭😭

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How about comcast developer role in Chennai - Sky project.
Job security?
Career growth?
Work life balance?

Please give suggestion

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Hello All,
I got selected in kpmg india and its been more than a month ,I hv not been alloted any project, what should i do ,should i keep my options open outside?do they lay off?

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Anyone move from big4 tax to private equity tax? What’s your experience been like?

likesmarthelpful

150K in Singapore, and $150K in Chicago. Which one would you accept?

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Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

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What’s the typical salary for an Associate Account Director in NYC working on Pharma?

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I always wondered what kind of side jobs that copywriter could do?
I barely get an offer and when i do, i felt bad for charging it much so i always go with “pay as you wish”

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Getting a referral from a partner not in a line of service that I'm applying for still has impact? Let's say I'm applying for a tax position but got a referral from an audit partner within the firm.

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What is the slary range for level 25?

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I have an offer from Capgemini Invent (senior con) and Infosys Consulting (business consulting). Offer almost same.

I am Looking for good learning opportunities.

Any one working in IT M&A /PMI vertical of Capgemini invent please give me your reviews about the work and the quality of projects.

Anyone working in Infosys Consulting SURE COE, please provide your reviews about type of projects. Are all projects in delivery or anything in advisory side as well?

Non tech/ management consulting

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First year Deloitte S&O senior consultant salary? NYC no MBA.

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Additional Posts in Option Traders & Investing

only buy VIX if you think the market plumbing systems are clogged.

Otherwise your sinuses will become increasingly VIX allocated over time.

Maybe that's ok.

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Shifted more options profits into 250 NOK shares

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Just read in Robinhood Snacks that Peloton has their IPO this Thursday on NASDAQ. Can't believe I haven't heard anyone else talk about this yet.

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5/28 Thread (General):

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Is blockfi only a bank and not really investing in crypto?

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Earnings season is here!

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Anyone going after any cheap Hail Mary plays for the week? Looking to put ~$200 to work but it’ll likely be a gamble.

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Any platform which lets you trade options after hours?

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MOMO reporting tomorrow - anyone know why this hasn't seen the same run up other tech has seen before earnings? Low P/E and consistent earnings - but analysts sentiment seems to not be as enthusiastic?

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$DPZ 370c 3/27

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And here we go again. Funny how news like this seems to have no impact on market anymore

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I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

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What actual stocks you all buying today? Got some cash from settled trades I want to deploy

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Thoughts on airline stocks? Good time to get in?

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Noob question - bought a call debit spread 195/197.50. PayPal is at 199 today - if I hold till expiration I get the 250 correct? Or can I exercise it now and get the 250?

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My play for next week:
Sell the SPY 200 puts since the market would plummet. Look for opportunities to buy back, probably when the stim bill passes. Would love to hear your thoughts on it

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Any inputs on QS stock? I got it at $15 rate, how long will it stretch? Pretty new to shares, how you people decide when to pull back?

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[Help]

I started trading during Covid crash. Started with equities and eventually moved to options. Earlier lost a month's salary and then lot more trying to recover it. Currently have lost my yearly salary worth and it's affecting all aspects of my life (job, marriage, health). I have tried to convince myself to consider it a loss but always get back trying to recover it.

Any advice how to deal with it. Thanks.

likesmart

Looking for some interesting plays that are not Doge, GME, etc (already in those 😅). Thoughts?

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