I'm writing this post for me as a review of my weekly activity as while I'm moving forward on this new journey I've realized how important is to stop and take some time to review all the past trades, especially the ones with losses in order to be better in the future. Furthermore this task is highly suggested by our mentor Tim and I also read about it in the trading psychology book "The daily trading coach".

Last week was my first week ever of trading in real after about three months of paper trading with STT.

I was really excited about starting and I couldn't imagined how scared I was every time I decided to go in a trade. That's the first big difference between paper trading and real trading, there are a ton of emotions involved that I never really felt before.

I thought to be quite good managing my emotions, I'm a "NLP Master Practitioner" and I improved myself a lot since I studied it but with money involved I realized that I'm not so good :)

Because I was scared and insecure I missed many times the right entrances and once I even ended up buying shares instead of selling them!!! Luckily was a really small position that I was able to close at breakeven.

 I have a IB account with enough money to avoid the PDT rule (I'm Italian and I live in Europe so maybe the rule doesn't apply to me but I wanted to be sure) but this week I traded with small positions as i wasn't confident about using more capital.

I have to be honest with myself, I made 8 trades last week and for most of them I didn't have a plan but I reacted to chatroom alerts so I can say that i was lucky for ending my week with profits. That's not the way to trade and for that reason today I'm here doing this analysis instead of trading, of course I'm keeping and eye on the market :)

Another important thing to note is that I started my trading journey just when the market has made a correction so not really the best environment I could find.

Here's my week result with commissions included:

I found a little bit disturbing the noise coming from the challenge chatroom, I mean, I'm glad to be part of the millionaire challenge program and to be in its chatroom but I realized that many traders alert and make trades without following the basic rules (volume, volatility, etc...) and they even make money so I often feel stupid and frustrated about that because I think that I'm missing opportunities following the rules. But deeply inside of me I know that's not the right thing to do.

As read on the trading psychology book I analyzed in detail my losses (and even small profits) and i found it very helpful to keep me on track, so I'll do it on regular basis.

In order to have a better understanding about how stocks move, I decided to start tracking all the TOP% gainers and the 52 Week Highs on daily basis in my excel spreadsheet including the quotes during the most important hours of the day (opening-11am and 3pm-closing), I know that I'm adding more work to my daily routine but I think that's important and by the way I'm a full time trader and that's part of my job ;)

I'm pretty good on cutting losses quickly, I did a lot of practice while in paper trading and I think it worked, besides, almost 20 years ago, during the internet bubble I lost the equivalent of $120K so I know the feeling of being stubborn and I got punished and i don't want to feel it again.

This week I'm going to continue to study the dvd's and the old webinars and establish a daily routine, in the last 7 months I've moved 4 times with different timeframes and I'm finally in a house where I should stay till the end of the year, then will see.

I feel super positive about my present and my future and I love being a penny stock trader!

That's it!