Milestone #2: Executed first trade today. Rewriting summary here due to character limit in trade summary. "First trade ever and I used E*Trade since I already had an account. Stock didn't dip down to $1:00 as hoped for when the market opened but I bought 43 shares at $1.19. It later dipped down to $1.06 then slowly began to climb back up. Analysis: I looked at the history and how the stock moved. Past spikes seemed to occur at 30 after the hour. Maybe irrelevant but I thought about muscle memory and I anticipated it to bounce up a third time around 1:30pm. It began to look like a third bounce was starting around 1:33pm. Not sure how much of that was a hunch or insight from a pattern. End Result: Lost $11.12 due to $13.92 commission. I hadn't thought about commissions going into the trade. Lesson learned. Will need to research more about how commissions work in E*Trade. Wrote in the Webinar "I'm writing my first trade summary and I'm not sure how much of my analysis was a hunch or if studying the stock history paid off. I have so much to learn. " Tim said it was a good attitude. Will think about that going forward."
Study check, retweet/favorite this https://tim.ly/2WgmIYp if you're still up studying or making your watchlist for tomorrow, remember that preparation AHEAD OF TIME is key to success!
Received 3 Karmas
JennKomo Dec 15, 20 10:39 PM
Yup! Prepping for tomorrow- live trading!
JennKomo Dec 15, 20 10:40 PM
@timothysykes you bet! See you tomorrow!!!
CatieV Dec 16, 20 5:42 AM
I finally finished all 14 orientation videos! I don't know how to trade with my E*Trade account but I will be there and watchiiiiiiing like a sponge. Er... a sponge with eyes. And now for 3 hours of sleep @_@
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@CatieV just became a fully transparent trader today!
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