Has anyone else lost their shirt on sreen plc shares

Do you mean Screen Plc

I mean Screen Plc, bought at 99p sold at 8p, can anyone better that for a first time trade?

Oh Yes,

Bought Sock Shop International at 17p

2 months later

Bankrupt

After that hated visiting Airports, it felt like the shop fronts were laughing at me.

But I got the bug, and never looked back, just need to get back in the saddle

Got back in the saddle with Prudential and Lloyds tsb as Screen was falling. Several nice little runs of 25p to 60p on these blue chips over the last 12 months.

Made some good profit but cancelled out with losses on screen.

Like the shop front humour.

Sorry to hear about your losses guys, this is something
that most traders experience when starting out.

You've paid for the lesson so you might as well learn
from it.

You will never make every trade a winner, it's practically
impossible, so you need to minimise the losses on your
losing trades.

Always, always, always, have a stop loss figure in mind
before you enter a position. Your take profit stop
can be moved up with the price action if your position
is a good one.

Keep your discipline, activate the stop when your target
is hit. Do not remain in denial thinking that it will come
back to you.

You can always re-enter a losing position if it turns again,
usually at a lower price than you stopped out,
but this will prove to be difficult if you've lost your trading
pot by hanging on in hope.

Your position is always worth the current bid price not
the offer price you paid for it.
It's no good saying I've lost 50% so I might as well hang
on to it. If it halves again you've just lost another 50%
of what it really was worth to you.

Don't believe people who say that every one of their trades
are winners, they are either self-delusional or fantasy traders.

Melnibone.