Mrs_Wizefool

Just started this week with a new guru. Gonna see what I can learn with him. The style is very different. But, I think it could be very good. So, hang tight, we are gonna be on a bumpy ride for a little bit.

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Mrs_Wizefool

Realllly annoyed that neither of my brokers let me buy URSL for the bounce.... I was waiting for that forever! My entry would have been $3.25. I would have made over $1/share at this point. But, apparently it's just not gonna work out for me. Grr.

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JKelly
1
JKelly May 11, 11:17 PM

I think the one thing you are missing here is these are all very different patterns. You should take a step back and look at the setups and focus on one or two setups. What are the patterns you play and have you developed a trade plan for those setups? I recently went on a big trading spree of random patterns and took very random trades and didn't not get great results. Since I refocused, I only focus on specific patterns and only trade them when they match my trade plan perfectly.

waddell
waddell May 12, 12:33 AM

@JKelly has a good point as well. I have found it easier to focus on 2 patterns (premarket breakouts and overnight holds) for better returns. Dux mentions that these are his most successful patterns. I find buying something ending near the HOD in the last power hour to be a good overnight hold as long as there is no overhead resistance.

kobayashimaru
1
kobayashimaru May 12, 1:41 AM

It is very frustrating to miss a good setup by just a penny or two, I would rather missing by a mile or not be right at all. But I take pride in the fact that my setup was correct and I was at least in the playing field.

Mrs_Wizefool
1
Mrs_Wizefool May 12, 11:38 AM

@waddell I actually am still in the process of determining a pattern or two that work best for me. So, I'm still trying out patterns and collecting data on my abilities. Believe me, that's something I want to do.

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Mrs_Wizefool

Ugh, I missed my entry point on DCIX twice! I swear, I am paying attention to the good stuff...

Fox_Trader
Fox_Trader May 16, 12:50 AM

DCIX can move fast it scares me.

Mrs_Wizefool
Mrs_Wizefool May 19, 12:45 PM

@Fox_Trader It is pretty quick. But, the volatile stocks are the best to play, so I hope to hone that skill for sure.

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Mrs_Wizefool

Yesterday was a very terrible trading day because my Grandmother passed away suddenly. I just know I have to keep moving forward, but that was a tough day. But, I'll Never Give Up.

Fox_Trader
1
Fox_Trader May 16, 12:51 AM

Sorry to hear of your loss deepest condolences to you and your family .

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Mrs_Wizefool

Trying something different. I'm paper trading so I'm not going to limit myself by price of stock. I want to get practice looking for the perfect play and that may come in a higher priced stock just as often as a lower one. So, I will be starting that today.

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combatbob
1
combatbob Jun 08, 6:57 PM

yep 3 months later, I need to get back into studies....

Mrs_Wizefool
Mrs_Wizefool Jul 03, 9:23 AM

@combatbob Studying is always a great place to go back to. Being in the market cannot be replaced by study. What you learn there is priceless and necessary. But, when you return to study after being there you'll learn something new even from the thing you already studied! It's wonderful.

Mrs_Wizefool
Mrs_Wizefool Jul 03, 9:29 AM

@combatbob I am rewatching Trading Tickers after having watched it twice before and I am understanding SO much more. It's so great!

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Mrs_Wizefool
Mrs_Wizefool Mar 13, 6:20 AM

@EARL No, I'm not, actually. I think after some research, I have decided not to become one. I am going to give it my all with what there is available and then if that just hits a dead end I might do it. Are you?

Mrs_Wizefool
Mrs_Wizefool Mar 13, 6:22 AM

@asfricksrs I'm glad to hear you are progressing as well. :) I'm glad you could appreciate my little rant. Will do!

Mrs_Wizefool
Mrs_Wizefool Mar 13, 6:24 AM

@Noble1222 Thank you, kindly. I appreciate the perspective. If I may, what specific lessons have you learned in all the mistakes? Seems there could be some nuggets of wisdom there.

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Mrs_Wizefool

Happy 6 month anniversary to me! Today marks 6 months from the date I started my journey. What I'm doing rather than trading right now: I finished up collecting longterm and intraday charts with my trades marked in arrows (one color for in, one color for out) on them. (all 300+) I fixed all my time errors from early in my recording days here on profitly. The times are now accurate on each of my trades (at first I had a hard time with converting military time and from eastern to mountain time. I also went over my excel sheet tracking my trades and fixed any errors. I am now going to start on organizing my 6 months of paper trading data to determine a few things. I got a laptop that I will be setting up for optimal trading capabilities. I will use my desktop for a bigger picture when I am able to. I'll report back once I've crunched my numbers.

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SKYisDLimit
2
SKYisDLimit Mar 05, 12:41 PM

Good to see your doing some detailing. sometimes we have to slow down just to get the basics down best of luck in your trades.

Mrs_Wizefool
1
Mrs_Wizefool Mar 05, 12:43 PM

@SKYisDLimit You definitely need to collect data before you can even figure out the details. I think that 6 months will show me a lot.

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