Beginning to focus my energy and efforts to buying only multimonth/year breakouts with catalysts like earnings and such. Not the greatest execution just yet. But, I realized I can only try to add one thing at a time in this process. Practice makes perfect. Getting closer...
In case you're wondering, my name changed because I recently took my husband's new name. (He had his changed after many years of wanting to.)
Saw firsthand what an "overnight" financing can do to a stock. MBRX had excellent news of "cancer treatment breakthrough". I knew that kind of news could give a stock a second green day. BUT....duh duh duh! Financing. Important Lesson: I now have a new rule-If I am to be in a trade overnight I have to look into the financials of the company first. I'm implementing all the things Tim has said into my trading a little at a time. Trading is certainly the best way to see the lessons in action and really have it drilled into your brain. I may have a choppy profit chart right now, but that's okay. It's a process and I'm getting better and learning every day. Never give up. I know I'll make it.
If I could trade after hours I would probably have gotten out of my ZN trade already with a decent win. I am just going to have to ride it til morning though....*bites nails*
Starting the tedious, but worthwhile process of inputting all my trades from the last 5 months into a spreadsheet so that I can see a clearer picture of my progress as a trader. I'll add to it every day from here on out so that I can find patterns in my behavior. Profitly is great for being transparent, but I am ready to get deeper into the nitty gritty of the numbers.
I tried adding charts to my trades for the new year...doesn't seem to stick. Wasted about 20 minutes trying to add them. I guess it's not meant to be...
KODK: I believe that these fast moving stocks with news catalysts (Cryptocurrency hype right now) make for the very best "1st green day" overnight plays. I congratulate all those who were at market close yesterday to grab up this opportunity. (I was at doctor's appointments and visiting my neighbor who had a heart attack in the hospital.) However, I am grateful to have witnessed this opportunity as it was a valuable learning experience to me. I did manage to play it yesterday a bit, but also watched it all morning. HMNY could very well be the next...(if it can go green on the day)
If only I had been a bit more patient with my SAEX overnight play. It seemed perfect! It certainly was! It was one of those plays you just can't say no to. Ultimately from my entry I would have gained $1.05/share had I rode it the whole way up. Instead I took a small loss because it didn't pop at open like I thought it would. But, wow...it feels pretty good to be right ultimately. I'm starting to see it-- 4 months into my journey. Great day for me, even with this one.
Is anyone else having trouble with their profitly trade inputs? The fields for date/time aren't giving me options. I have to fill those out entirely manually...It has messed up some of my inputs.