24
2010
Stock Trading is for losers – How not to lose money!
An article by 
I attended a trading seminar and thats the message that these seasoned day traders had to share with everyone.
“Do not be afraid to lose if you are investing!”
Not everyone is going to make money from the stock market on every trade they make. Otherwise, we all would have been millionaires by now. The key is to learning the ability to trap the opportunities and be able to move on from a loss!
Sooner or later you will be able to figure out your tolerance to lose money. 8% is a common number for people to set their stop loss orders at. That means if you acquired new shares, the next thing you want to do is set the stop loss order at the limit 8% below your purchase price. That way if that stock happens to tank, system will automatically bail you out of losing your entire hard earned money.
Again, do not be afraid if you have to execute a few of these stop loss orders. Everyone has to sometimes let go of ailing investments. But if you are smart, you will be able to make money by trapping into the opportunities presented by crazy trading!
I have a small portfolio of around 20,000$, and in the month of March, my returns were close to 11%. I am happy with that kind of return as I do not consider myself top of the line just yet. I had problems in letting go of bad investments. I would sit on them hoping they will bounce back! How crazy I was, you can only imagine by the fact that one of my investments was trading below 50% and I was still in it! Jesus christ! This seminar saved my day!
Anyways, another way to save some green bucks is obviously by saving in trading fees. Following are two great offers:
- Try Zecco, they offer 10 free stock trades every month. Sign up for a Zecco Trading account now!
- Trade for free for 60 days with new account opening.
About the Author: Punit Gupta
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Man what a week for the markets! I have been trading for over 20 years and have never seen the market take a dive like this week. I hope the investigation shows what happened. Funny thing though, I thought there were circuit breakers that suspended trading for a bit to let the markets settle down after a large point drop.
I agree. Personally I am neutral for Goldman Sachs case. But the culprit behind this big drop on thursday should be brought to justice and be punished. So that rest of the world gets noticed.
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