JohnHebeinCaunce

started the week off with a great trade, being up quite a bit, held a terrible trade that through me off my game because i didnt understand why it wouldnt bounce(buy earnings before release, not after unless they prove to hold like $CLVS did) and today im back on my game near record profits around 1k. I see I have great potential to become an incredible trader but clearly I still need a lot of work. Big set backs like the one i had this week will postpone my progress and has potential to hurt me more when i get my account size bigger.

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JohnHebeinCaunce

what started off as a great week being up 33% total on my account is now back to being up only 5 percent, rough. Need to get my groove back. Also be careful dipbuying earnings winners, those things are buy the rumour sell the news type trade unless they can prove themselves. Currently long overnight on $CLVS, looks like it has a chance to run at opening, which would suggest a run upto 4.5-5 range, my goal is 4.7-5 to exit from a 4.25 entrance. was originally 4.08 but added on when support continued to prove to hold.

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JohnHebeinCaunce

Tried buying $CRC for the EOD run up, bought a bit to early and took a loss on trade, wasnt able to cut losses fast since it dropped rather quickly at 8.18, my exit price while i was taking food out of then oven, noticed 8 holding so rebought it, overall up 3 dollars today... right idea, wrong time, wrong entry price, that simple.got out at the 8.4 EOD spike right before close, could spike monday but im just not confident in it looking at the chart. good catalsyt though for sure. will post trades tomorrow since questrade wont let me add them until after midnight

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JohnHebeinCaunce

As a result of not being able to cut loses quickly, and losing 12.75k, i am erasing all trades and starting from scratch. not to hide them but to not constantly remind me that I am losing. I will have 3k value in this new account with 0 margin. I have to trade wisely, i have to cut risks or this account WILL NOT GROW. I will grow my account to be worthy of larger trades. If I manage to blow it up, I have back up money to restart. The goal is to take 3k and turn it into 6k as safely as possible. Time is not of importance. I will have to focus on the best plays that bring 10-20% gains, or 10-1 risk to reward to make this account work. I am excited for what the future will bring and will take the lessons of my mistakes with me to try to make this account progress towards its goal. I will be aiming for 1-2 trades per day, if 3 at the very most, and heck if I don't trade, ill pat myself on the back. I simply want the best of the best plays and ideally will mainly be trading first hour or two in to the market open.Wish me luck.

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JohnHebeinCaunce

Monday marked the first day of my third week trading this particular way, watching for breakouts and trying to learn what a fakeout looks like. I have been having GREAT trades BUT my main issue that is preventing me from getting traction is CUTTING LOSSES QUICK. I have beautiful winning trades played near perfect, not all of course like I gained 15% today on %TSS which my entry was missed at 1.4 and I ended up selling at like 1.2ish. anyways, the problem is if you look at my trades is the losing ones you would think okay I see why he bought it, now why the hell did he hold it until it got all the way down there... Once I conquer this, I will be a profitable trader. It wont be easy though.

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