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In short-term trading, it is much easier to learn from others. However, as humans, we usually want to make certain for ourselves. Therefore, we must take our mistakes and learn from them.

First, we must learn from our mistakes!
I created a business plan for my trading business.
I did not create a business plan for my trading business.
I do not feel that a plan would help me.
I don't have the time to plan my business or my trades.


I purchased a stock before it went through my entry point.
I saw that my stock was through my entry point during the first hour and bought the stock thinking that it would go back to through this high of the day.
I did not sell my stock when it went through my exit.
I thought a stock was going to go up, based on the good news or earnings announcement.
I bought a cheap stock based on fundamental evaluations and feel as though the stock is under priced.
I did the right thing, I bought when the stock went through my entry and sold at my stop-loss, but I lost more than I wanted to.

ALWAYS USE TRAILING STOPS!
Good Luck and Happy Trading!
WallStreetWarriors.com



Disclaimer: Short-term and day-trading is very risky. Past performance is in no way indicative of future results. WallStreetWarriors.com assumes no responsibility for your trading results. All the information provided is for educational purposes only and should not be construed as investment advice. The opinions and research provided within these pages are based on historical data and are deemed reliable.
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