
I switched to Webull to trade with, so can't upload my data yet...hopfully Tim will add it.

The thing that I have figured out from my data is my consistancy is there until I get a bug up my butt and try to hold a loosing trade over night or move my stop down instead to taking the "L". Then I revenge trade and lose more... What I have been doing new is to take only one trade a day, win or lose...I know my process works from my data. So based on probability I know I should win 50/50 cause you don't know what the stock is really going to do.

Baics: Basics: 1. Technical Analysis a. Support & Resistance b. Supply & Demand 2. Patterns a. Tending b. Reversals 3. Candle Patterns a. Bottoming tail, Topping tails, Bullish/Bearish bars 4. Entries and Exits a. See 1, 2 & 3 5. Risk Management a. Not the how but the why! 6. Trade Management How to squeeze more out of my trades when they run.

It's been 4 months! Still Out of the draw down still working on entries and exits. Quit paper trading cause it's not helping my emotions. I paper traded for like 3 weeks and when I went live I was so anxious and I was only buying 1 or 2 stocks. So learned risk management is your friend. It's getting there.

Coming up on another month of being back, and man it's going great! Taking a year off and really studying and understanding the basics has helped. Now working on psychology of it. I realize now that I don't know what's going to happen, no one does. Just pick a strategy that works and perfect it. Perfect meaning entries and exits. The rest is probability (math) and if your risk management is intact... you'll make money! Discipline is the name of the game!
Well so far so good! Read this book. Trading in the Zone by Mark Douglas. Follow the exercise and you will be amazed at the results. Master and I mean Master Risk Management.
If you look at my Profit chart you will see the up tick. It's been 2 months and I have seen the difference.
Follow Tim's Rules! He knows what he is talking about!!!
Join now or log in to leave a comment
Learn risk management first… it’ll keep you in the game longer!

Join now or log in to leave a comment