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What is your main difficulty in stock trading?
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Knowing when to get out.  I have made over $2 million but di...

Knowing when to get out.  I have made over $2 million but didn't sell when  I should have, thinking the stock would continue to rise or hold its gain.  The fear of selling too early and missing out on gains has been my struggle with the stock market and cost me greatly.

Will I eventually recoup my loss? Yes, but I sacrificed time and missed taking a profit to invest in other stocks or reinvest at a lower price that would have tripled my gain.  Lesson learned? We shall see.
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  • ohh2222 : Don't look back, the boat tour is more comfortable.

  • lightfoot : set your selling at Intervals.  price drops to 24 sell 500 shares, price drops to 24.60 sell x amount, price rises to 26 sell amount.  set as many as you need.   ie.

  • easygoing Lyon : i am a construction worker. I can invest 100 a week and have 520 dollars stock now.  how do I make it to 100,000 so I can buy a little house for my little family?  how long would it take to make 50k?

  • easygoing Lyon : heard $Ring Energy (REI.US)$ would reach 50 dollars its 4 now.  how long would this take?

  • RumpleStuntz : 1) Set Stop Losses as soon as you enter a position. Ie: 5% loss Stop. 2) If you are able to sell up to 50% of your position to make back your original investment,DO IT! That way you still have a position and you’re playing with house money! Also up your stop loss again. Which brings us to. 3) Up your stop loss as the price moves up.  4) Trading seriously on a mobile phone is not easy. You’re better off swing trading if mobile is your only option. Otherwise,set up a space at home where you have at least 2 monitors ( plus your cell & iPad or the like) . This way you can watch the action, keep an eye on news, and watch a scanner to not miss out on running plays.
    ** This is just off the top of my head

  • RumpleStuntz easygoing Lyon: This depends on multiple factors. Are you investing or trading? If trading, are you day trading or swing trading? My suggestion would be that you swing trade, as it seems you have a full time job and can’t watch all day. In that case you should start with a blank slate.  The biggest issue people have is wanting 100% runners all the time. When if you can get at least 5-10% winners each day you’ll end up with much more per month by compounding your money. Sure, 100% is great, but not feasible. Aim for 5-10% ,take your wins and move on to the next and do it again. Each time you’re adding 10% to your total available,so your 10% wins will be more and more money over time. You can make better money than you may think. Just a suggestion. *not financial advice

  • Talklili : When you reach a certain peak, you should take it back in time. The same is true for the trough. As for when, it depends on your understanding of the stock market. When you feel right, it is right.

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