Lincoln Alerts 12.9.13
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Crazy session for me on Monday. Ive made a killing on high/low RSI reversal plays in my time but with every strategy there is always that one turd stock that doesn’t cooperate. For me it was OSIS. This thing had the perfect bounce look to it but this thing had other plans and just kept tanking. It was murder. I ended up cutting my losses at about -2700.00, took a break, then came back and traded it again off the washout. That trade banked me +2100 so in the end the damage was minimal.
I rarely ever lose more than -300 on a day trade so that was a big hit for me. However, the lesson is I remained calm, took a break after a big loss, then focused on a re entry. No matter what happens when a trade goes haywire, and believe me they will from time to time, always remain calm. Under no circumstance can you loose your emotional grip on your trading. Lose focus = lose money. Stay focused= stay profitable. The market will take your money every once and a while but don’t let it take your focus. Join us for a 14 day free trial.
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