TickerTommy

Here we are a few years later. I let life get in the way of studying and trading, but my wife and I attended the Vegas conference this past week, and I feel recharged and ready to ease back into it and continue my trading journey. I'm excited to be able to introduce my wife into trading and help her get up to speed. It makes this even more exciting to have a partner to learn and trade with. Thanks to @timothysykes and everyone that put the Vegas conference together. It was definitely inspiring, and we look forward to more opportunities to trade with you guys. By the way- I am closing $HQGE, for any of you that had been keeping up with my miserable bag holding long ago. It'll probably wipe out half of my profits here on Profitly, but a solid lesson learned on fake, promoted companies. I think I bought 200,000 shares @ 0.0262 and its at... 0.0000 now.. I know it isn't funny, but all I can do is laugh because I knew I shouldn't have held it at all. I should have had a solid exit price before it fell. $5,190 Loss..or somewhere around there? Yuck.

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TickerTommy

Here I am 3 months later. Sorry for not updating on said positions from my previous post- I should have some cliffs notes on the ticker in my trade log. I have exited all of the positions I previously mentioned except for $HQGE. Why you ask? Because some part of me seems to think it will someday spike again on a promo. On the 3 year weekly chart, it went as high as 0.2 in 2018. I'd really just like to see it spike back to break-even for me, but who knows when that will happen or if it will ever happen. Years leading up to 2018, it seems there would be a small spike in the chart towards the end / near the beginning of a new year, but looks to be in sucks-ville since then. Maybe I'll hold through the end of the year and maintain a GTC sell limit order. I've liquidated most of my other positions so I have some capital to play with. But I'm "stuck holding the bag" on $HQGE until I decide that I care about the money I have tied up in it. As far as BTSC goes, I thought it might come back when bitcoin heated up again, but it didn't. I cut my losses slowly on BTSC and it cost me more for breaking the cut losses QUICKLY rule. See a trend here? I've fighting with myself on cutting losses. I'm trying to train myself to just cut the losses and move on. The more stubborn I am, the more money I lose. If I were to "cut losses quickly" and "take profits on the way up" I would be making bank. It's not about the quantity of the trade, it's about the quality of the trade. Don't jump into trades just because you're itching to be in a trade. If it's that bad, paper trade until you can tame yourself...or don't and just lose your real money..sometimes that's the best way to learn, as long as it doesn't blow up your account, because that is mentally devastating. What am I saying? Just cut losses quickly. If you're watching your trade go south in real time falling through support levels, it's time to just get out and move on or call it quits for the day. Better luck next time. It's a game of the mind.

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timothysykes

$780 profit HQGE Long Stock

Entry comments: Low priced education play, former runner, spiking to new highs right now, goal is to profit 10-30%, hot sector

Exit comments: Weak breakout over day high at .0095, no thanks, small gain, staying safe in this choppy market, but. glad to play the hot education niche, will still watch this one to see if it can hold/extend gains, singles add up

Received 7 Karmas
StefanSchwarz13
1
StefanSchwarz13 Mar 26, 21 10:36 AM

Set my alerts, didn't want to chase, have had that problem lately with FOMO!

Windwalzer
Windwalzer Mar 26, 21 3:53 PM

Sweet, thank you for sharing. Weird day.

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TickerTommy

I wanted to just give an update on some trades. I mentioned I was holding $HQGE, and I still am. I'm half-expecting it to get a lot of attention sometime soon, but I'm growing impatient. I'm also still holding BTSC, since Bitcoin has been hot, I'm hoping for a spike there to exit break-even or close to it. I'm also holding TSNPD. Holding VBHI, but REALLY just need to cut and exit it also. I held TSNPD through the first symbol change, and if I had done what we've been taught (take profits along the way), I would have had a pretty nice gain on TSNPD. Now I'm sitting on a big unrealized loss, but I am hoping the planned name change to HMBL will spike it again, and I can exit with at least a small profit. Now...here is something very valuable I've learned in this whole "holding and hoping" process: YOUR CAPITAL IS TIED UP. I've got 38k in my account tied up in various trades and long-term positions (not part of day trading). Since I'm holding these large sized positons, I HAVE BARELY ANY CAPITAL to trade with. I had to exit some of my investment positions earlier today JUST SO I COULD TRADE with any size worth trading with. So I have learned a big lesson. You can hold and hope if you want, and it may come back, it may not. But you WILL BE CUTTING YOUR CHANCES AT MAKING LARGER, PROFITABLE TRADES, if you hold and hope. I have been struggling with my pride and not cutting losses when they break support levels (multiple ones, too), but now I realize that I'm only crippling my ability to trade, in addition to taking big losses. So keep that in mind when you start to think, "I'll just hold on because it 'should' come back up..." and then you're left holding a bag with no capital to trade with until you exit with your bigger loss.

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Received 8 Karmas
DensonFNoble
DensonFNoble Mar 14, 21 11:49 AM

It is fascinating to see someone with 20 years of experience navigate so smoothly through what is for me unknown territory. So many hidden lessons.

Windwalzer
Windwalzer Mar 15, 21 11:33 AM

@timothysykes I promise to trust the process. I understand it's not about picks. This is so good to be able to see and hear your comments as the stock market adjusts. Thank you for all your time.

Quise79
Quise79 Apr 02, 21 12:07 AM

very beneficial getting to see live trades in real time, not trading yet just growing my knowledge account. Thanks Tim

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timothysykes

$957 profit HQGE Long Stock

Entry comments: The one former runner that hasn't run much yet, only got 1/3 of the size I wanted as its spiking fast, thx to whoever brought it up in chat, goal is to make 10-20%

Exit comments: Breakout over previous high was weakkkk, no thanks, VPER, INND, ENZC, OZSC better all day runners, so I'll take a small gain and not overtsay, maybe playing too safely, but I'm in the mode f protect, protect, protect

Received 6 Karmas
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