GooniesTrader81

So I thought each month I would write a journal entry post to tell myself how I did that month. One habit that I've developed that has helped my trading is on my 40 minute drive home from work I ask myself talking out load "what did I do right? What did I do wrong?". I do this every day. I know that this daily self reflection exercise has helped me because my first month of trading penny stocks in January, I traded 19 times (42% winning) but only made $0.05 in profits but an overall loss of $264 after commissions. Bottom line: I over-traded. In February, I went back to studying more and more and finished watching Tim's How To Make Millions DVD, and watched all of his videos he sent out in February. A big take away for me in February was "sometimes the best trade is no trade at all." So I taught myself patience all month looking at the best setups I was comfortable with. In February I traded only 6 times (67% winning) and made $42 in profits but still an overall loss of $42 after commissions, but still I AM DANG PROUD OF MYSELF for trading less and making more money than my first month working towards slowly building my account $50-100 at a time. I keep telling myself that Tim tells us "1000 trades x $1000/profit = $1M". That is my marathon goal. In March I want to focus solely on buying morning dips.

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