The most important thing for me to stress to people just getting started is this. When you take a loss or series of losses, do not get that mindset that "I have to get this back fast." This has caused more people to get blown out than anything I know of. I have the utmost respect for the markets, so I tend to go the other way after losing. I like to walk away for a few days or even a week or two. The markets will be there tommorrow. If I am losing it is my fault and I am out of sync with what is happening. My dad loves to blame the referees for every loss the teams he roots for have. I do not share that blame someone else mentality. I just have to look in the mirror for who is to blame. I am out of sync right now and until I can get back in sync, I am going to be very careful.
Below is an example of a trade I just got stopped out in today trying for a larger gain, BONDS. You can see the arrow where I entered, and the one where I got stopped out today.