stops

A good trade gone bad...why to take profit and set stop loss

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I figure since it's here I might as well post to it. I made my first trade ever June 1st 2007, with literally no previous trading or investing experience but a very strong interest in investments. I convinced my father that AAPL was a buy at 115 and I was going to do the same. So he invested relatively a good amount of money in AAPL at 115. Then I found margin and began to day trade his account. This was a disaster. I basically saw buys in #AT and would dump 10k on it, soon to realize I should have been exiting shortly as well, but I didnt really understand this at the time.

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