Post
Topic
Board Speculation
Re: I've ALSO Given Up
by
r34tr783tr78
on 05/05/2014, 17:26:01 UTC
I would suggest you to be prepared to jump out again. The most important rule in speculation is: to have a plan (specially: to have a stop price where you should sell if things go wrong) and stick to it.
Most people lose money because they hate to accept a loss, so they keep the position on hope, converting a speculative short-term/median-term move on a long term negative bag-holding. Accepting losses is the test for any trader.
Or, at least, buy in increments, saving a few to real low values, just in case.