Happy Sunday everyone! Hope everyone had a great weekend and enjoyed themselves! Time to get back on the grind and finish up February on a strong note. Here’s how my first 2 months looked on a week by week basis.
Week 1: $189 Week 2: $192 Week 3: $108 Week 4: $46
Week 5: -$55 Week 6: $31 Week 7: -$12 Week 8: $13
Total Gains YTD: $512 Started with: $400 Total: $912
After a really hot start to the year with UNIS and NXTD, I’ve slowed down dramatically in February. We do still have Monday which could obviously change these numbers a bit if I make a nice trade however I wanted to put this all in my video lesson and recap. I’m still up over 120% on the year which I’m extremely encouraged about even with February being a slow month. I actually went back and studied some of Tim’s top student’s charts (Tim G, Connor B, Michael G) and they all started really slow for the first 4-6 months. Tim G was actually down nearly $2k after couple months before ramping things up. I’m still learning and very new to this game so I’m not going to get discouraged by February. I’m learning from my mistakes and trying to work on becoming a better trader each and every day. The 3 things I’m going to focus on more in March are being more patient with my trades, working on my timing and starting to short stocks. I’m depositing some money into my account Monday so that I’ll have $2k in my account and I’ll be able to short. I have left nearly $1000 in profits on the table by getting out of trades too early or getting into a trade too early. I’m still sticking to Rule #1 which is cutting losses quickly and that’s why my average loss is only 8% and my average gain is nearly 17%. My stats were a little better in January where my average win was 20% and my average loss was 5% but I had a few bad losses in February and I’m looking to get back on track in March. Here’s what I’ll be watching next week and I look forward to any feedback you guys have. Thanks again for watching and good luck next week!
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