Received 1 Karma
ATXTrader
2
ATXTrader Mar 11, 12:31 AM

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.

DrNate
DrNate Mar 11, 8:23 AM

yes, should have made each new position smaller instead of larger. thanks for your comments.

Guisseppina86
Guisseppina86 Mar 28, 1:28 PM

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!

Guisseppina86
Guisseppina86 Mar 28, 1:28 PM

I done this too made and then bought in again - worst thing to do the higher it gets! Chasing x

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LibertyBelle

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!

LibertyBelle
1
LibertyBelle Mar 10, 12:26 AM

@gr8eyedoc Hi! My main broker is Etrade and my platform Etrade Pro. I have a Schwab account, but I never trade with it. Mainly I use SSE for the block trade indicator. I set one of the tabs to show me blocks of 500k shares + on higher priced stocks. That way I can see where the big trades are happening. It helps when I trade options. Look up "The Stock Whisperer" on Youtube to find out more. Yes, I had a mentor assigned to me that I send my watchlist to for review. He is also available to

LibertyBelle
1
LibertyBelle Mar 10, 12:27 AM

ask questions, and he holds a zoom meeting for his students periodically where he gives lessons and discusses trades.

DrNate
1
DrNate Mar 10, 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
LibertyBelle Mar 10, 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.

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