Always Use Discipline When Trading

Guys never feel like you need to trade because you are excited to grow you account. It is normal when you first start out trading stocks to rush into the game as fast as you can and come out a winner. It is boring to sit out on the sidelines waiting and waiting. But in this business that is what it takes. You will come out making more money by making fewer trades than making a lot of trades. I'm a victim of being excited to jump in so I made a rookie mistake and bought some stock that was moving up fast ! Well turns out I bought at the peak of the sales and it started going down. Now I did follow my number 1 rule which is to cut your losses short and fast. So I did. You can see my trade here http://profit.ly/1Mmie8. I have not started the Tim Sykes Challenge yet because I'm still waiting on my class material to come in the mail. This trade I made was all me and not Tim's suggestion at all. I decided to stop all trading until I start my classes with Tim. Hopefully once my classes do start I will start learning a lot more about buying and selling penny stocks and start making some nice profits. Hopefully this post will help you understand somewhat about why it is important to be very disciplined when trading stocks. Learn from me and my mistakes !