tough afternoon to keep spirits up as it will wipe out my last 4 wins if it doesnt but it wont put me out of the game so I'm just trying to keep that in mind while i keep learning
I've also borked an order too, and had the etrade software lag out and try to screw me up too, keep at it man, youll start making headway soon, it took me at least a week and a half
My son wanted to watch Meet the Robinsons and it was like a sign
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When I started I did paper trade but I wrote all my trades down and still do. I only used money I had and would risk. I started taking notes on the plays I did good on and the ones I profited why I bough what time and the stock/catalyst/volume/ ect. When i switched to rreal money I took small positions with the same type plans and I have been slowly increasing my positions and getting more comfortable. Its very mental and can get emotional get that in check and study the charts and the odds wil
increase in your favor.
Good luck, I've been at it now for about 2.5 weeks and my first o/n holds where horrible choices. I've had 2 good size losses and one really big one that hurt bad, but I learned. 2 things that have helped me a lot where reading up and watching videos on t-line trading and spotting pullbacks vs reversals. Find your weaknesses and focus on improving them.
Also might I add I'm still about $250 short of breaking even after 2.5 weeks but my wins are slowing getting bigger and more consistent. I too was almost discouraged thinking I was a complete idiot for even trying but every day I remind myself that its a new chance to learn and to not try to bite off too much otherwise it'll bite you instead lol.
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This morning was a bust, thought ENRJ was going to rise, had buyers in the .40+ jumped in for 1000 shares at .399, was planing on selling for .45. Ending up doing a u-turn and I got out at .37 a share for a $29 dollar loss. Then I thought LBIX was climbing. bought 1000 shares at 2.01, saw plenty of buyers above at 2.05 dollar mark. Turned out to be the peak got out as fast as I could, ended up selling at 1.91 a share. That is a $100 dollar loss. Putting my first day at -$129... 2 day day trades used one more till PDT limit, looks like its more paper-money practice during the day and over night positions with real money for a while.. Thankfully I am commission free for 2 months, but that will teach me to try and join the opening market madness.
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