LibertyBelle

Accountability post 01/04/2021-01-17-2021 I watched all of the live webinars and video lessons emailed to me over the past 2 weeks. I also watched the videos sent by my mentor, and I watched and participated in the webinar he held last week. I have been in communication with my mentor, and I have been sending him watchlists almost every night. I only missed one day over the last two weeks. I have found a pattern that I am comfortable trading, and I can easily spot it setting up. I started to trade a couple of tickers off my watchlists to gain experience trading the strategy, but I haven't had much luck yet. I am going through a losing streak, but since I am cutting losses quickly and betting small, I am only suffering from a small bleed. I will continue to trade ultra conservatively until I can break the losing streak and gain consistency on winning trades. I am still listening to "The New Market Wizards" audiobook by Jack Schwager. I am almost finished with it, and I have learned a lot about trader psychology from this book. The psychology of trading has been a big hurdle for me, and this book has been a big help. I am still reading "Reminiscences of a Stock Operator" by Edwin Lefevre. I am not very far into the book. It has been hard for me to read lately, because I have been distracted by events in my life. There are still a lot of uncertainties about my future, and the bad news just keeps rolling on in during the new year. I am hoping for more stability in my life so I can relax. I am suspicious that this might be part of the cause of my losing streak too. I watched a marketing webinar for Stefanie Kammerman's trading service. Her strategy is using dark pool data as an indicator. I have been playing around with Schwab's block trade indicator in their trading platform, Street Smart Edge, looking at huge trades that go through. It is interesting. I received her book and DVD the other day, and I am looking forward to reading/watching them. I don't plan on buying into her service right now. I am focusing on the Millionaire Challenge, and mastering that strategy first. I have been concentrating on being professional, and I have been a stickler for my trading schedule. I treat this pursuit like I am working, and I am up and prepared for the market every morning. I watch the markets all day with breaks during midday trading. I do my watchlist before bed, and I reassess it in the morning p/m, formulating a plan or two. I am very comfortable with this schedule, and I already feel like I am doing this for a living, but the only difference is that I am not making money. Not yet anyway!

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LibertyBelle

Accountability post 12/21/2020-01/03/2021 I watched all of the live webinars over the past 2 weeks. I watched a few videos sent by Sykes, and a few more videos created by my mentor. I have been sending my watchlists to my mentor most of the trading days over the last two weeks. I am shooting for a watchlist everyday on my next accountability post. I finished the book, "#FMJ" by Jane Gallina. I really enjoyed this book of interviews with female traders. I learned a few new things, including dark pool prints, which I started researching this week. I might do a blog post when I have more information. I started reading the classic investing book, "Reminiscences of a Stock Operator" by Edwin LeFevre. I finished listening to "The Little Book of Market Wizards" by Jack Schwager. I am currently listening to "The New Market Wizards" by Jack Schwager. I finished watching "Pennystocking Framework Part Deux" for the second time. I decided to re-watch "Learn Level 2" and I just finished it. I wanted to see if Sykes mentioned anything about dark pool prints in the DVD, but although there was a bullet point listed in the manual, he didn't talk about it on the DVD. I ordered a book and DVD on dark pool prints from Stefanie Kammerman. She teaches this strategy, and I want to know more about it. She was interviewed in the #FMJ book I just finished, and she talked about it there. I have already been playing around with the Block Trade Indicator in my Charles Schwab trading platform, Street Smart Edge. I am still watching the market every day. I have been making a few trades, mostly still practicing the afternoon consolidation strategy my mentor suggested. I haven't been successful with these trades yet. I ended December red, but I am ready to see some more positive trades in the new year.

Received 2 Karmas
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theprophettho

Started my account with Charles Schwab, still learning alot and attempting smaller trades to see if what I am learning is applicable.... struggling with some timing and terminology, but excited to learn more.

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LibertyBelle

Accountability post 04/13/2020-04/28/2020 I watched and took notes on all 13 Challenge Orientation Videos in the student portal. I watched and took notes on 3 of the DVD's on profit.ly: "Penny Stocking Part Deux," "Penny Stocking Framework Part Deux," and "Spikability." I signed up for E*Trade, Interactive Brokers, and TDAmeritrade (to get access to Think or Swim paper trading). I already had a brokerage account with Charles Schwab, but I only have used that account for traveling since they don't charge ATM or foreign transaction fees on a high yeild investor checking account. I have never traded before. I will probably use E*Trade, and I have already moved my trading money into that account even though I don't plan on trading for real for at least a month. I signed up for the Stocks to Trade trial a few days ago, and I went through all of Tim Bohen's Getting Started lessons in STT University. I really like this stock scanner, but I am hesitant to subscribe. The fee is daunting to me since my only income at the moment is coming from unemployment. That might be something I can get when I start profiting. Meanwhile I'll have to learn a more affordable platform. I watched all three live webinars last week (Tim Lento, Tim Sykes, and Mark Croock). I watched Tim Lento's live webinar today, and I plan on catching Tim Grittani's webinar later this afternoon. I have reminders set for the webinars scheduled for tomorrow and Thursday as well. This week I have made it a point to open chat at market open, and I have been following the other traders in the room as they discuss their trades. I have been paper trading some of these trades to learn the mechanics. I have been making a lot of mistakes, but I'm learning from them and it's not a disaster since I'm trading with fake money. I've played with E*Trade, Think or Swim, and Stocks to Trade. Stocks to Trade has been the easiest one for me figure out, probably because of the tutorial I watched. I have been living and breathing the material these past two weeks, but I know I am only scratching the surface of things that I need to know to succeed at this endeavor. I understand the basics of trading and the stock market, but there is definitely a lot of room to build on top of that knowledge. I'm looking forward to the journey!

hpac912
hpac912 Jun 22, 20 1:29 PM

Hello LibertyBelle

hpac912
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hpac912 Jun 22, 20 1:30 PM

I'm in the same place you are I haven't really started any accounts yet this is just my second week. I get the concept and my next step is to begin checking out the paper trading.

LibertyBelle
LibertyBelle Jun 22, 20 2:35 PM

@hpac912 Hi! There's so much to learn. I have the basic concept too, but when I trade it flies out of my head. I think that's why Sykes emphasizes watching the videos over and over. I don't think I will really get it when I'm in the heat of the moment until the patterns become automatic. I have been struggling with the emotional side od trading the most lately. Watching "Trading Tickers" right now. So far it's my favorite DVD. Grittani organized his info very well.

hpac912
hpac912 Jun 22, 20 2:59 PM

Hi, I do understand what you mean about the emotional side of trading. I'm struggling in that area also. I will check out Trading Tickers. I'm about to check out Candlesticks by Steve Nielson. Grasping the terminology is challenging. It's learning a whole other language.

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GodfreyS

@GodfreyS just became a fully transparent trader today! Started to dive deep into penny stocks December 2019, when I found Tim Sykes from Steven Dux youtube. Since then Ive watched all of Tim Sykes, Tim Grittani, Steven Dux, Roland Wolf, Mike Huddie, Kyle Williamis youtube videos. The Stock to Trade youtube series "TWIST' This Week In Steady Trade is very good. I've read Sykes book American Hedge Fund I also read The Complete Penny Stock Course (6/10/2020) and a lot of his blog post on his website. I bought and watched multiple time when I first got them How to make Million (3/6/2020) Trader Checklist part Deux and PennyStocking Framework Part Deux (4/19/2020) I started tracking and posting on Profitly June 25th, 2020. Started trading with my money end of January 2020. These are dates of how much I added to which accounts. Etrade Margin 1.16.2020-$500 4.14 - $500 4.27 - $500 5.07 - $500 5.21 - $500 Charles Schwab Margin 5.5.2020 - $500 7.14 - $500 Wells Fargo Margin 7.1.2020 - $200 TDAmeritrade Cash 7.21.2020 - $500

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trader1701

Again held too long today. Keep making same mistakes. Out for a 36 dollar loss. WWR. Had god news, spiked to 9 dollars a little while back. Downtrending chart though. Was all over Twitter but everyone disappeared after it sank. Held too long, hoping it would rebound. Should have sold for a sub 10 dollar loss but held too long. Broke the fucking rules again. Cut losses quickly. Having trouble because when I cut losses sometimes the stocks rips up. Hard to tell, experimenting with think or swim level 2, will utilize this platform more so. Firsttrade is too limited and I'm not liking it. Hope if it merges with Schwab it won't be a disaster with the platform.

trader1701
trader1701 Nov 21, 19 10:59 AM

Small rebound with WWR. Should I have held after the crack? Usually when there is a big crack, there is a small rebound. But the amount that I could make back might have not been worth it.

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hharryck

Hi Tim , this is Harry Kafetzidis based in London. I took over your challenge in August this year. I have been watching your videos, and reading Alluch's book. I started from zero. It is a lot to catch up with , however slowly slowly I am getting there. Even still early days however I believe I have to start involving with an appropriate software Could you be able to arrange a special deal for me as I guess it will take me a number of months to be able to get on with it and start real trading? also a year ago I opened a very small investor account with schwab I haven't done much with it but I still have the account I notice you do recommend interactive brokers for non USA citizens Do you think at the beginning Schwab can work or not ? kind regards Look forward to your message Harry

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