Its been a year since Ive started with options. I don't trade penny stocks anymore because options have my full attention right now. I am learning the chart patterns and able to see the direction its going. I know its not an exact science but history repeats itself a lot. I am gaining more confidence in myself to wait more and not chase the money. I am trading with no more than $50 at a time. I buy $20 ($.20) contracts but that's a little too low to trade with so im moving back to a $150 account and trading $50 (.50) contracts. When I can I buy contracts with one month expiration. I still have a small problem cutting losses quickly but I definitely getting better. *$20-$50 (.20-.50)contracts *one month expirations *10-20% stop loss *I let my winners run but taking no less than 10-50% profits when pattern starts to fail. *no overnight trades (for the moment)not working for ME *im sticking with TQQQ, AAPL, now recently SPY * Earnings lotto I have been nailing recently but never played them. I going to try trading earnings. *Keep building confidence in myself and my plans. *Keep my journal handy. writing everything I experience and all plans.
Less than a month on this job and I’m sooo ready to quit. I feel I’m missing the market and not getting enough study time. I’m slowly depositing small amounts of $ in my brokerage account and made one trade so far since the beginning of October. My goal on this job is to deposit money in my account. I have to remember that.
I just got a job. I haven’t worked for anyone in a long time but my empty brokerage account demands money and. I. Must. Serve. Her. Now. Once I transfer this bread then we can get cooking. I hope. I’m starting to get nervous about losing money so that’s a good thing. LETS GET IT!!! New uploads once transfer is complete. See you on the profit side!
I decided to keep IHT overnight because Im holding and hoping like a jack donkey. Im mad at myself for not sticking to my plans yet again. I got in IHT market open and got up to .50/s and still let that pass me and I'm ashamed because I never knew how greedy I was. Every big loss was due to me letting profits slip through my fingers. I need to learn how to adapt to the market. Take what Im given and be thankful. Im beating myself up on this one here. The past few weeks Ive been cutting quickly and definitely not holding overnight. Im not giving up AT ALL!!!!!!!
My last few losses were not as big as my earlier trades and Im happy for the improvements. Im still studying and experimenting everyday. I have seen some OTCs run over 100% three trading days in a row. My goal is to be more aggressive and trade an OTC for a nice % gain. Im just trying to exit and identify. My two key words for the month or until Im consistent. $ amount was my main concern but third keyword is consistency. - note to self
I studied hard this past week and I think I've learn how to pick some good stocks only to panic and well we will see how this goes... The good picks that actually hit my planned target %: GNCA, GMO did pretty good. I was even looking at GNPX.... but i jumped the gun and bought 25 shares of OCN. this is my first trade since I started this training. Im excited!!!
@Erica4peace just became a fully transparent trader today!
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