Accountability post 04/29/2020-05/12/2020
I watched all of the live webinars that were held during this two week period.
I practiced paper trading and following the gurus in the chat room. I tried to understand the "why" behind each trade I studied.
I tried paper trading with 3 platforms, Think or Swim, Stocks to Trade, and E*Trade. E*trade would freeze up ALL the time, and it was really hard for me to get out of trades. I liked ToS and STT. I would probably choose STT if it wasn't so expensive for me, but I need something cheaper. I really like how STT is set up, and the tutorial videos are great. I had everything set up in a way I could understand, but it is too expensive for me to be starting out with it. ToS is free with my TD Ameritrade brokerage account, and I had some success paper trading with it. During one of the Challenge webinars with Tim Lento, he shared his ToS setup with the group. I was able to load that in, and now I feel like I am set up in a way that is very similar to STT. So I have committed to using ToS as my stock screening software from here on out.
I read Tim's book, "An American Hedge Fund." It was a good read. The Cygnus trade kept me at the edge of my seat the whole time, even though I had a feeling it was going to end badly for Tim, which it did.
I went through my emails, and I am now caught up with all of the videos that have been emailed to me.
I found the blog post where Sykes lists his famous rules and I took notes on all 71 of them. I also clicked through to Tim Grittani's list of 40 rules and I wrote those down too.
I watched the Penny Stocking DVD while taking notes. I filled up my first notebook with note taking, so I started a new one.
I purchased "The Complete Guide to Penny Stocks," and I started reading and doing the homework assignments. On 5/11/2020 I made my first real trade for the homework assignment in Chapter II.3. Please refer to my blog and trade post for more details about the trade. I am currently on Chapter II.4 in the book.
I watched Mark Croock's Options webinar from March 2016 in preparation for the Options Bootcamp webinar he scheduled on 5/20, which I also watched. I took profuse notes on both webinars, and I have dedicated a separate notebook to options trading for note taking. After watching the webinars, I am very interested in learning more, and I think I will want to experiment with this type of trading in the future as I gain more knowledge.
I watched Michael Goode's past webinar, "Coronavirus and the State of the Economy."
I am currently over halfway done with watching the DVD, "The New Rules of Penny Stocking." I love that it is in Vegas at the Mandalay Bay. It makes me nostalgic and I miss my job, haha!