Opened a trading account the 24 of April 2020 and have been studying a lot since then, looking for stocks and writing daily watch lists, reading material from Tim Sykes and Tim Bohen.
Plan: Begin small, trade penny stocks long + study. I can trade as long as there is money left on the trading account.
Result: I can confirm that more than 95% of penny-traders loose money.
When the loss passed 100 dollars after one month I switched to paper trading. Decided to paper trade until 50% profitable during a month. It was good to trade real money first and handle the stress and emotional response. I find good stocks that run but manage to loose because of bad timing. Now I am a peak buyer that take losses quickly. I try to handle the situation kindly and keep on even if I fail all the time.
Join now or log in to leave a comment