Received 1 Karma
@gr8eyedoc just became a fully transparent trader today!
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!
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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.
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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 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 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.
from what you said, you "triple dipped". I don't even like to double dip (buy a stock right after i sell into profit. but that's relative to if you think it can go higher and it proves that by hitting higher. on a stock that is halting and on your third dip, your size should have been way smaller (1/4 to 1/2) normal position size especially since it is halty. that's my take.
yes, should have made each new position smaller instead of larger. thanks for your comments.
Dont beat yourself up too much! I made a lot of my 36k on nasdaq! So Im wondering if I will be as good at OTCs!
I done this too made and then bought in again - worst thing to do the higher it gets! Chasing x
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