August I set up a goal to make a profit of something--although I didn't make a penny (I took another pretty sizable loss on August) I feel I profited in the knowledge category massively. I am still struggling with entering and exiting trades. Seems simple to enter my set ups earlier and to exit with the goal in mind. I still for what ever reason enter too late (don't have faith when I should) and then end up cutting the position when the trade goes in the opposite direction. Tim and now Kyle have suggested to size down. I chose to take out a majority of my account capital to force myself to work with less money on a regular basis. My goal for September (especially after another bonehead trade today...) is to trade with $300-$500 position sizes to learn dip buys and afternoon breakouts. The idea here rather than to make a profit of something is to learn the patterns that work and become consistent. I am going to shoot for a 65% win percentage through September (2 out of 3) and only trade OTC's and stocks 5 dollars and under. This will force me to look at less set ups and force me to only play what fits my pattern. With smaller position sizes and focusing on less of the market I hope to make strides this month. Goal is to make progress this month from a win percentage stand point on important set ups--the money should show.
August 2020. August I set up a goal to make a profit of something--although I didn't make a penny (I took another pretty sizable loss on August) I feel I profited in the knowledge category massively. I am still struggling with entering and exiting trades. Seems simple to enter my set ups earlier and to exit with the goal in mind. I still for what ever reason enter too late (don't have faith when I should) and then end up cutting the position when the trade goes in the opposite direction. Tim a
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