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What are Your Rules?


Discussion in Psychology and Money Management

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What are Your Rules?

  #21 (permalink)
stopnlimits
Chicago, IL
 
Posts: 29 since Mar 2011
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In the past I had such an issue with money management (insert crying face). I finally saved some monies from my losses I incurred a few years back that I can start investing in the futures market because I have been a day trader in the past and I'm definitely excited to get back in. I'm going to start implementing some kind of loss limit that I can stomach daily and once I reach that I'm done. No more emo trading because I was such an emo trader in the past!

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  #22 (permalink)
JeffNLisa
Apple Valley, CA
 
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tgiann3 View Post
So today I got smacked. Haha. In a month or two I will forget about the money, but the bruise to my ego and the lessons will stick. . . . . . .

What rules did you come up with after you got crushed?

To never trade without a fixed stoploss.

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Last Updated on June 26, 2018


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