This is such an important aspect of trading/investing!! Yet as a beginner, I just realised (painfully) that I am sooo bad at this.. So decided to hopefully start a thread on this topic to invite/call upon anyone and everyone who is willing to share your experience, knowledge, strategies and skills, even personal rules that you have set for yourself along the way in this journey of investing & trading.. so that hopefully more of us newbies to the stock marke...
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Finally seeing a glimpse of hope under his selfless sharing and guidance.. Slowly slowly hopefully can recover the loss i have made for the past few months...
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Just when it seems to a noobie newbie (aka me) that it can't/shouldn't get any lower...it keeps free falling to new lows..😅😅 $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $Meta Platforms (FB.US)$ Think I am convinced that it can't climb back up in the short term for sure now..![]()
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$Meta Platforms (FB.US)$ Attempted my very 1st short sell put options for yesterday..only for 1 unit! N omg... immediately got burnt.. Lost more than USD$5k overnight...What a painful expensive lesson for a noobie newbie.. 😭😭
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NewMe OP : Valuable advice and sharing from various people in this community that I am going to add to this thread as a compilation..@881Huat. Thank you!!
NewMe OP : @iamiam. Thank you for your tips! Gonna compile some of these advice to read here and remind myself over n over again n actually apply some of them for real. If there's more that you can think of and dun mind sharing, please add them in this thread too? Appreciate..
NewMe OP Day Trader 881 : That. yes.. Just 20 tsla shorts alone lost more than usd5k. Lesson learnt. No more shorting for me. Esp this crazy TSLA, ever again.
But really is my lack of risk management.. I totally didnt know what to do when it didnt drop as tot it would be..and then 11 days straight up exponentially!? Insane.
Kenna margin call n all. I m so noob! 
NewMe OP Day Trader 881 : Yes.. school fees.. Thanks.. Soooo much to learn... Hopefully slowly but surely can recover bit by bit all the losses..dunno how long it's gonna take..ha! But ya..for now, gonna take a little break 1st after the rest of my appl puts expire prob..
NewMe OP : Another valuable reminder and lesson from a very dear someone:
Always remember it is only 50:50 chance of it being right..So put money in pocket when there is profit. Cut quickly when things don't look right. Never wait to be proven wrong! Thank u, sis..... I sincerely wish u well from the bottom of my heart and that only good things will come your way from now on... I so feel ur pain.. U please take good good care...