NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS – OCTOBER 12, 2017

MY JOURNAL FOR THURSDAY MORNING – OCTOBER 12, 2017

NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

Check out my new 5i blog post! The Importance of Having a Plan:

The two problems I struggled with the most were taking a position too large for my account and selling too soon. In my experience these problems often go hand in hand, I was always putting myself in the perfect position for emotional ruin. Every time I would get onto a winning trade I became greedy or scared and locked in profits prematurely, cutting my potential returns short.

Inversely, if the trade started to work against me, I would become scared and sell with a loss, only to have the stock reverse course and surge higher without me (this is exactly what happened to my subscriber in the example above). With emotions running rampant, it is virtually impossible to make good decisions.

This is precisely the point when most investors fail and why it is extremely important for anyone hoping to profit from the market to develop a plan. A plan that allows risk to be managed in a systematic way that fits the investor and individual’s bankroll, emotions, and personal needs. A plan that allows one to ride their winners and cut their losers. A mentor once told me, “We are not traders, we are not investors, we are risk managers and when we learn how to not lose money, the rest will take care of itself.” – READ MORE

BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS

Amerigo Resources (TSX:ARG)

Photo Control (TSXV:PHO)

Rogers Communications (TSX:RCI/B)

AGF Management (TSX:AGF.B)

Park Lawn (TSX:PLC)

Stantec (TSX:STN)

Tricon Capital (TSX:TCN)

Canaccord Financial (TSX:CF)

Knight Therapeutics (TSX:GUD)

Have a great day! 🙂

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