I am no longer going to trade stocks priced over $85. They are too risky. The only improvement or positive thing I can make out of today is that I learned a hard lesson: higher priced stocks have built in risk exposure. In the continuing development of my discipline as a trader I will learn how to limit these risks as much as possible, where I can learn to enter positions cautiously and assess things based on (1) how much cap I have (2) my entry and exit plan for each position [even how much I'm willing to lose]
No more gunslinging...
Thursday, October 22, 2009
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