Lcoak

The Process and Having Perspective I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars I will become a consistently profitable trader and make 1 million dollars The road to making money is not easy. 12 months ago I embarked on this journey to better my financial life. From a young age I have dreamed about having a life where I was free to do whatever I wanted from wherever I wanted. The world of trading opened my eyes to that possibility and I will make it my reality. My investment in my education through the Tim Sykes challenge has been the best thing I have ever spent my money on. The knowledge and wisdom learned from both the gurus and other members in the community has enlightened my life and I know it will only continue to do that. After three months of consistent intense studying I started trading with real money and nearly 1 year later I had my first green month with a profit of $14.43 on the month…woohoo! I know this is absolutely pathetic but for me it is a stepping stone in my journey. August 2023 was the first month where I really focused (or at least tried to be) on my discipline and sticking to one pattern. I have been trading random setups every single month prior to this last month and I wasn’t focusing on one setup. So, for the month of August I was exclusively trying to buy breaks over the premarket high in the premarket session or early in the market hours. As a life time challenge member I was granted access to Rob Bookers content and he deals with this setup when going long. So learning from his fundamentals has helped me see a little bit more winning in my trading. Over the next month I want to focus hard on discipline and risk vs. reward. For me that means taking $100 dollar positions and risking no more than a $5 loss (ideally $2 depending on the trade). I want to continue working with high of day breaks and become more profitbale with those setups. In addition I want to play around with the Dip N Rip strategy using Rob Bookers criteria (VWAP and Candle Bodies). While $14 dollars green on the month is pathetic it is all about perspective. For me that is a win given the fact that my account is under $1000 and I’m only taking $100 positions at a time. I’m excited to continue learning and growing on my way to becoming a profitable trader and a millionaire. Keep on grinding and rememeber… “the capacity to suffer…we tend to benefit from whenever we sacrifice something today to gain something tomorrow” The rewards of the hardwork will come, but until then the pain of suffering will be the driving force on my road to success.

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Lcoak

Today was my first time tuning into one of Roland Wolf's living trading events and as a newbie, he was speaking gold. He made me realize a few things about my trading and one of which is the psychology behind breakouts. He is very much a believer in being a "contrarian". Quite frankly I've always gravitated to people that go against the grain of everyone else. Many people I admire and respect in the trading world, fitness realm, and business world have made innovations by going against the grain. Roland was talking about how breakouts never really work for him as it's really hard to buy at the top where all the strength is. A lot of the time that strength fades and what's left is a downside spiral in which money is wasted. I resonate a lot with what he is saying as my entries at times are terrible. I am either buying too high or buying at terrible technical levels. This idea of buying low and selling high is simple yet complex. He brought up how you should look at it from the perspective that you're shorting the stock. In other words, buy when shorts cover and sell when shorts are short. My biggest takeaway from all this is to learn the other side of the trading world. I have been so focused on learning the long side that I have failed to recognize how the short side thinks. Being a contrarian is the way to excel past the others in the mass crowd. Learning to think differently not only makes you smarter but will lead to more consistent profits.

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Lcoak

February 2023 study hours I basically cut my total hours of studying in half from the previous month. This is largely due to school starting again and i've been having to balance my time with homework. Also, i've been trading more this month. I had some of my biggest winners and biggest losers. Great overall month of learning. My biggest debacle right now is figuring out how to trade OTC morning panic dips/breakouts better so that I can actually profit. Most of the time I'm either "profiting" but its actually a loss after the $9.90 round trip fee on Etrade or it's a larger loss due to this crazy volatile moves.

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Lcoak

January 2023 study hours Accomplished a lot in the studying realm this month...not so much in the trading realm. You got to learn to walk before you can run. Lots more to learn and I'm loving this journey 💪🏼

ljkkunk
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ljkkunk Feb 02, 23 8:47 PM

i m impressed logan when i was 20 i was chasing girls and racing motor cycles great job

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Lcoak

August 29th, 2022 marked my first day in the challenge and now today marks the end of the 2022 trading year. Over the last 4 months, I have logged about 215 hours of studying (a minuscule amount in what is yet to be learned) in conjunction with a full-time school schedule and working a part-time job as a server. I started this journey because I have always dreamed of living a life in which I am truly free. I am 20 years old and for as long as I can remember I did not ever want to become a slave to the corporate world. I wanted the freedom to create my own schedule and do what I want without getting someone else's approval. I've been working in the restaurant industry for 2 years now and ever since I started I wanted out. I wanted something more...something better. I started reading investment books when I turned 19, but I didn't like the idea of having to wait 30,40, or even 50+ years to reap the benefits of my initial investment. I don't want to be 60 years old before I can start living the life I want to. I started following Tim Sykes on Instagram when I was 15 years old as I was fascinated by his lifestyle. Turning $12,000 dollars into a little over $1,000,000 and using that money to travel and live life...WOW, WHAT A BEAUTIFUL LIFE! However, when you're 15 and caught up in the high school setting it's hard to look at the work that goes in behind the scenes in creating that success. Not to mention the skepticism behind turning such a small amount into a large amount. As more and more millionaires emerged from his challenge combined with my maturing I realized that hard work really is the formula to success. His students weren't lucky nor running some pyramid scheme. They were hard-working individuals who achieved success from their dedication. I am on this journey to prove to myself that I am capable of creating my dream life and even more importantly being able to give back to my family. This post is to remind me why I am doing what I am doing and let this be the first page of my story.

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