Holdmytexan

Over all I'm going to give myself a c+ for this week. Made some mistakes and had too many sloppy trades but finished green! I'll spend the weekend on the new Boot camp and evaluating my trades looking for ways to get better and look for results next week. Seeing the improvements of not trading everything and being more selective is a huge boost to the morale though

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finnie3d
1
finnie3d Aug 06, 3:10 PM

Way to go Roy. Thanks for the percentage reminder. I mentioned that in my TAOP trade, because so many people made so much money that day, made my $40 look like pocket change, even though it was a 40+% winner. I'm glad you're finding your rhythm and your trades seem to show it. I'm just about there with you. You stick with it too. Let's get rich together Roy.

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Tag1
Tag1 Aug 06, 12:33 PM

I have the same problem. did not get the original alert. All came together after it hit $4.50

Holdmytexan
Holdmytexan Aug 06, 12:43 PM

I was having the same problem when I chased his alerts, the last couple I was more prepared and had already seen them on the scan before he alerted so I was watching.

trentdot
trentdot Aug 06, 12:47 PM

Ive had the same problem. I do not get alerts on time and end up hurting from it. I actually did much better in the market before purchasing the supernova alerts.

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Holdmytexan
1
Holdmytexan Aug 04, 6:28 PM

I have 2 accounts on Etrade, 1 is flagged PDT at the moment but the other I left as a cash account and don't have to worry about the PDT rule. Only downside is you have to wait for money to settle from your trades before you can use it but that has helped me make a few better choices and taught me some patience as of late.

rtanderson23
rtanderson23 Aug 04, 7:06 PM

When I first opened my Etrade account years ago it was setup as a cash account. I didn't even know the difference back then. I opened a margin account and transferred the majority of my money to it, but left around 25% of my money in the cash account for the same purpose. I just haven't got there yet. I still have a lot of studying to do before I try to get serious about trading. I appreciate your help

Nameless132
1
Nameless132 Aug 04, 8:18 PM

This was a great read, I think I'll actually do the same myself. Since I started the challenge, I have no idea what is going on, one second there is this play, then the other second another etc.. I think I'll focus on dip buys for now until I get the grasp of those. Goodluck on your journey!

rtanderson23
rtanderson23 Aug 04, 11:20 PM

@Nameless132 Thank you, I'm glad you found some value in it. The market is just too crazy right now for anyone that's new. I think if we narrow down the plays that we are going to focus on it will benefit us in the end. I assume all the traders that are making ridiculous profits right now had to do the same when they first started as well. I'll focus on dip buys and test that out to see if it works for me, if not I will move on to a different strategy until I find one that works. Good luck to yo

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Holdmytexan

Finished July with Probably my best trade to date and then August shows up with DTSS and says hold my beer! Bought this pre market and watched it run for a 30% gain and took another solid win!!! Loving my job

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Holdmytexan

Going over my trades from last week and I'm feeling much better about them today than I did on Friday. I'm actually only a couple of bad decisions on not taking the profits when I had the chance on options from bein profitable! This is encouraging. Yes I did chase a few stocks, but I cut those losses very quick so they didn't hurt me. My biggest hurdle last week was wanting more/ getting greedy! This is something I believe I can and will correct this week, if I haven't already. I had shown really good discipline on Friday taking the profits pre market and not holding out for more. I'm conquering my demons 1 at a time getting closer to the goal of consistency!

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farrelco
2
farrelco Aug 02, 6:16 AM

Hey Roy, I was watching them by year.. then switched to category. To be honest it doesn't really matter. You can get nuggets from every video lesson. The video lessons should be seen as a compliment to your own research and chart analysis. You can save the lessons you particularly like because its a good idea to watch them more than once! Hope that helps

Kupfermagnet
1
Kupfermagnet Aug 02, 4:09 PM

Hey, only have a sub, currently I watch all the new ones Tim puts out and then going backwards if nothing new is to watch. Also I focus on one category at the moment (buying morning panics) as that is the main strategy I'm trading at the moment. When I started out I wanted to watch all video lessons all over the place but that is just information overload. I think Tim Grittani said it, one lesson that truly helped him is to focus on one or two strategies. Hope it helps and good trading

Holdmytexan
Holdmytexan Aug 02, 5:40 PM

@Kupfermagnet there's no such thing as bad information, I'm always looking for new ways to grow as a trader. Thanks

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Holdmytexan

Had a very good morning with my cash account today with $ZN . Started off closing my overnight position for roughly 180% gain then dip bought the mini panic for a 5% gain. My paper trade account did much better due to the ability for larger positions and being able to play the $5-15 stocks with a decent size which I seem to be a little better with on a more consistent basis. But none the less I've grown my knowledge and experience account this week and have shown more patience in the latter part of the week. Haven't really chased too many (only PRPO ) yesterday due to FOMO during the spike halts but I can see some improvement. I've passed up a lot of not good set ups that I have dove into head first in the past and stuck to my plan on most entries or didn't enter because my target wasn't reached without feeling like I had to trade. That is a huge step for me, I now don't feel like I have to trade every day and I'm looking for much better set ups. Of course STT and the breaking news are a huge help!

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Holdmytexan

I have to learn to follow my own rules, had a few losses today on my cash account because I didn't just paper trade like I planned! Chased a supernova and then sold too soon after the dip even after I posted on twitter that there should be a big squeeze going into close and turned a winning trade into another loser. These mistakes are not only killing me but also my account! Not sure how much more my small account can take!

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