ramitko

Up to this point I've been paper trading, which has been great. It's allowed me to be less reckless, more attuned to what works and what doesn't, and put certain practices in place, but I feel like I need to start putting some skin in the game while also getting accustomed to real orders with the broker, and practicing. Completed section II of Complete Penny Stock Course, along with the 30 day bootcamp, and Challenge Orientation + Homework. Admittedly, I still have a LOT of stuff left to study, but I feel like I've been making good and consistent progress. Complete transparency, I have >$80k in my Schwab account to start, however I'll be pretending as though I have $25k, risking no more than 1% per trade.

Join now or log in to leave a comment
rey_11

*Month Recap: Another milestone in the books! I’m officially over PDT! The month started out pretty well then took a sharp decline due to unforeseen circumstances (Wifi down), which, from what it sounded like, came at a good time as the market screamed to the downside from worries on the new Covid variant. Momentum, volatility, and volume have all been super low or even non existent it seems in OTCs. Another big thing to note for my future trading would be that I’ll be switching brokers from Schwab to Fidelity as Schwab will now charge $6.95 per OTC transaction. In light of this I will also be switching from a cash account to a margin account, due to PDT now realized. Month ended pretty well despite only having 3 trading days the last week and a half. Gain loss analyzer shows I’m still trading in my sweet spot. I’ll be really missing this for future recaps and personal accountability. I’m posting my YTD chart via Schwab as I’ll be no longer using its features. Still on the sidelines for now, waiting for my transfer to Fidelity to go live, which will hopefully be a good decision. Next milestone for me is 50K. LET’S GO!!!

Join now or log in to leave a comment
DLT

BTW - I *did* manage to import my Schwab acct stats ..... they're just a pain to do because it doesn't accept excel csv files for some crazy reason. You have to hand-create a text style csv file.

Join now or log in to leave a comment
BryanV

Hey dude, I'm grinding through the video lessons and I see you in the comments. Keep it up and good luck. I'm not an expert, just now am I starting to make back losses but the screenshots are nice, I try doing this too. From looking perhaps try buying the initial all day high breakout at the level and risk off the same level to prevent large % losses. Don't buy a stock at its highs or uptrending and think it will keep going up for whatever reason, I would get burned every time doing this too. If you are considering a dip buy, perhaps wait for 1-2 green candles to show it might actually uptrend more. You make less because you might have to wait for confirmed price action, but it increases the odds. Last thing dude, I have been very happy using Schwab and switched here from TD. No commissions buying OTCs with Schwab although I think they do charge foreign stock commissions too.

Join now or log in to leave a comment
rey_11

Jan/Feb P&L. super frustrating profitly does not verify Schwab as most my trades are through them. Going to start giving monthly P&Ls via Schwab Trade Source to be more accountable.

Received 1 Karma
Join now or log in to leave a comment
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!

LibertyBelle
1
LibertyBelle Mar 10, 21 12:27 AM

ask questions, and he holds a zoom meeting for his students periodically where he gives lessons and discusses trades.

DrNate
1
DrNate Mar 10, 21 8:29 AM

@LibertyBelle Thanks for your response. I'll check out the stock whisperer. This mentor is part of your subscription to the million mentor club or a separate service?

LibertyBelle
LibertyBelle Mar 10, 21 9:28 AM

@gr8eyedoc Stefanie Kammerman has her own service and is not part of the Challenge. I was researching female traders when I found her. She has a book and lots of free info out there. I recommend reading her book. and watching the free webinars if you want to learn about the dark pools. At the moment, I only subscribe to her whisper alerts app.

RichardKnox
RichardKnox Dec 27, 21 2:53 AM

Webinars and video lessons are the best way to get information. This format is more effective for me and simplifies the educational process. Now I'm preparing a personal statemet for a scholarship and this service helps me with this https://www.personalstatementwriter.com/ After all, a good statement can affect a positive response, and therefore I decided to prepare as efficiently as possible.

Join now or log in to leave a comment
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
RichardKnox
RichardKnox Dec 20, 21 11:02 AM

I like this way of getting information too. I prefer to watch webinars and videos and it helps me to digest the information better. I recently found this tutorial and it helped me understand How to cite a video game https://studentshare.org/study-guides/how-to-cite-a-video-game It's great that in our time there are sources that allow to find any information in the public domain.

Join now or log in to leave a comment
Page
of 4