DougPH

Self Assessment Time: I'm up $3,441.29 for the month with not trading the first week and of course labor day holiday. Overall pleased with trading habits. Was starting to get stubborn and have per-selected profit targets. Even though it would get close (like within a 0.01 of target.) I would not sell thinking it would continue to climb. Twice now that has burned me and caused me to lose more than original risk level. Entries are good for the most, exits are OK, but not taking anywhere near the meat of the moves. Which is why I wanted to cut losses intelligently not just quickly. This concept is great as long as I don't blow the dang account up before I realize rule #1 is rule #1 for a reason. Once I am able to add more padding into the account then I will start to cut more intelligently, until then I will take the scalps if needed and go back to trading scared. The small buffer that I have built up gave me a false sense of security and the market very quickly took that feeling away.

Join now or log in to leave a comment
DougPH

Self Assessment time: Sticking to what has worked for me is paying off. The discipline, to maintain focus when others are winning on various trades is difficult. However the first thing I am doing is mastering myself and the emotions. Listed, low floater stocks with previous spikes in after hours. Ideally combined with being on the SSR and either on pace for float rotation or already has it in pre-market. Combined with pr/news etc and a solid % gainer makes for an ideal trade for me. Stalking it and picking the best entry/exit is absolutely critical. Utilizing Sykes framework and applying to my watch-lists is paying off.

Join now or log in to leave a comment
DougPH

I am a gluten for punishment.....tried again this morning on a panic dip buy. Internet is way too slow, by the time it gets executed I should already be selling. my wifi speed-test ranges around 7mbps on average. It cost me again this morning on the panic dip buy. regained all lost profits and hit my daily profit target to continually grow my account. singles are adding up. listed low floaters, with SSR and news seem to be working in the current market. Waiting on the morning shake out and consolidation pattern. running the screener and narrowing it down to the biggest % gainers. Then BE PATIENT, wait on volume confirmation and breakout buying the early signs of the spike. risk to reward is 3:1 mid day and 4:1 late day or power-hour

Join now or log in to leave a comment
DougPH

my NRBO trade from today 7.20.2021 General Comments: Low floater listed stock. Was on the SSR. Had float rotation very early in the trading hours. Was patient and let the initial spike play out. Watched the ensure it held roughly half of it's gains. Had PR. Entry Comments: Waited for confirmation of volume spike and broke consolidation pattern. When clear buy signals were present. Submitted on bid and waited for re-claim to enter. Exit comments: History repeats itself. This ticker has a history of initial surge and drop. Sold into strength on initial surge to take a 9.9% profit instead of letting it grind away profits.

Join now or log in to leave a comment
DougPH

Self Assessment Time: I am simply over trading. I have been successful on finding patterns, however when the "perfect setup" doesn't come along I am speculating and taking way more of a dangerous setup. This mentality has cost me more than I wanted on cutting losses. Need to be more disciplined. NO NEED to trade everyday! Be more patient on finding the setups/patterns. Do not force it! It's a slower market and need to adjust or blow up my account.

Join now or log in to leave a comment
DougPH

1st day trading OTC's again after taking a few weeks off and only trading listed stocks. Did this on purpose to get better at entry and exits since OTC's tend to move faster. Paid off first thing this morning on my DRNG trade. clear buy signals that I am used to on the listed stocks. Got scraed and didn't let it run enough, but locked in a quick 30% profit. Will continue to be patient and only wait for very clear buy signals on OTC's early morning, mid-day and late day I will continue to watch listed low float with catalyst.

Join now or log in to leave a comment
DougPH

My 3 Monday trades. Should have been more patient with XELA but overall pleased with locking in profits.

Join now or log in to leave a comment
DougPH

Great start to the week. +400 on 3 trades. All small cap listed with float rotation, all had news and waited until the initial rush of morning panic shakes out.

Join now or log in to leave a comment
DougPH

HUGE milestone for me today!! Broke $1,000 of trading profits for the first time, with my trade on XELA. I have been learning non-stop from Tim Sykes and the mentors in the challenge. Taking my time, paper trading, and then trading small position sizes finding the patterns that is best for me. It's starting to pay off !! So excited to continue to learn and enjoy this journey! Thank you Tim and the Millionaire Mentors!!

Join now or log in to leave a comment
DougPH

Self Assessment time: Starting to get better on building my own watchlists, ignoring the fomo from others. started to find a reliable,relatable patter that is working for me at the moment. I am not fast enough or have enough experience yet for the fast moving OTC panic dip buys. I am however getting better on creating my watchlists, looking for a breakout and entries and exits. I am however not letting my winners run enough. Still trading scared and afraid to blow up my account,. Even with taking smaller position sizes. Want to stay disciplined on not size up too quick and let the market humble me. Took singles on MRIN today, expected it to breakout in the 11am hour and it stalled. took a single. did it again.

Join now or log in to leave a comment
Page
of 2