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BeeReel
BeeReel Aug 09, 17 1:02 PM

@JohnnyS101 atm I can only paper trade as I am still looking for a Broker as I live in the UK and American Brokers will not deal the United Kingdom as it is International tax reasons

JohnnyS101
JohnnyS101 Aug 09, 17 1:11 PM

@BeeReel I studied and paper traded for 6 months before using real money. And it's still a big difference, just remember to stick to your rules. I lost money trying to buy more on a surging stock just to see it fall. I learned with real money. Not too familiar with UK but can you not use Barclays?

BeeReel
BeeReel Aug 09, 17 1:13 PM

@JohnnyS101 I will look into it first thing in the morning as it is now 18:14 in the UK

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JohnnyS101
1
JohnnyS101 Aug 07, 17 11:25 AM

I think I've been getting lucky lately. A couple days ago I got on MBRX sub $3 and sold at the apex 3.38. Same with $XXII I bought sub $2 and sold at 2.84. It's been a crazy few days. I do think $XXII is a good long though.

SAndrews
SAndrews Aug 07, 17 11:33 AM

Knew I should of been in this one on Friday and held over the weekend but I liked the pre market action but couldn't get to $3, well played with your trades 😀.

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psk2329
psk2329 Aug 06, 17 11:54 AM

@JohnnyS101 completely agree. Emotions play such a big part of your overall discipline. Thanks for the comment.

HIMMENY
1
HIMMENY Aug 07, 17 12:03 PM

nice video man, helps alot considering i was long biased in $IPI

psk2329
1
psk2329 Aug 07, 17 12:43 PM

@HimmenyDiggaley Thanks. I enjoy your videos as well, they help me think differently. Hope to meet you in Orlando next month.

HIMMENY
HIMMENY Aug 09, 17 11:58 AM

@psk2329 thanks man, nope i wont be at the conference, if you go to the next mastery youll meet me though

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axhtrader
1
axhtrader Aug 06, 17 12:13 AM

I would form a thesis on each stock on my paper trading watch-list then narrow them down to a top four focus-list. The next day, I'd follow your 9th rule and just watch that price action. Doing that solidified the whole difficult concept of timing a trade after forming a thesis. We can have the right "thesis" but if our timing is off and you buy at the top of a spike for it only to fall a second later (or the opposite in a short-bias trade), your thesis at that point in time was off. I've had

axhtrader
1
axhtrader Aug 06, 17 12:14 AM

I've had many "correct thesis, but bad timing" entries paper trading - a thing which I imagine beginners like myself may suffer frequently. This is why I treat trading as a business, an art and a science. Manage the risk like a business. Be scientific in the way you research and refine your rules. Be artistic & graceful in the way you execute and time your plan. There's no 100% in this game, but as long as you constantly refine, re-evaluate and overcome your failures you will learn to love even

axhtrader
1
axhtrader Aug 06, 17 12:15 AM

your failures you will learn to love even the greatest loss you aim to avoid. We need losses, in a way. Without them we learn nothing. Sorry for the rant, but just want to give my take and emphasize the importance of #9 lol. Good luck to you on your trading journey.

SAndrews
1
SAndrews Aug 06, 17 1:56 AM

@axhtrader thanks so much for your detailed feedback and providing your insights much appreciated 😀

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JohnnyS101
JohnnyS101 Aug 04, 17 9:53 PM

They are. But it's a nice clean interface, good for people in the beginning. I'm almost up to $10k and I plan to open an ETrade or TD account and get the free two months.

bmanrocks12
bmanrocks12 Aug 05, 17 6:58 AM

Thank you all for your support

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