StevenHoechstenbach

Working on refining the process. No big $ wins right now, that's not the goal. Right now the focus is on the right setups, the right risk, the right entries/exits. That's what matters before anything else!

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StevenHoechstenbach
StevenHoechstenbach Mar 17, 20 10:09 AM

@jetta absolutely, no problem! I still have a lot to learn myself but this has definitely helped get on the right track

johnsonmathexpert
1
johnsonmathexpert Mar 18, 20 12:28 AM

Hello, only 24 hours here. And rusty at studying. Where is a good place to start to look up the info you described for free?

StevenHoechstenbach
StevenHoechstenbach Mar 19, 20 11:49 AM

@johnsonmathexpert At the beginning I was watching a lot of Tim Syke's youtube channel videos. There's a lot of information you can find there. Also, Tim Grittani also has a YouTube channel with some videos posted that can help. There's a lot of free sources out there to get started, hope that helps

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fastdounut
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fastdounut Mar 11, 20 10:07 PM

paper trading is the way to go when you are new man. I was the same 5 years ago. I blew up my account like 3 times. Now this year after studying, I said F it, I'm going to paper trade until I am profitable. It really does teach you the setups and price action. If you can consistently make a good amount of profit per share, then you can use the same skills for real money. Focusing on the best setups and maximizing your profits is all you should be worrying about. Worry about the big bucks later.

StevenHoechstenbach
1
StevenHoechstenbach Mar 13, 20 10:48 PM

Totally agree with you. My biggest weakness is longing setups right now so going back to the drawing board and tracking some different stats with paper trading again. A big reason I struggle with longing right now is that I still need to become more comfortable with dip buying into weakness. It's a current mentality that holds me back quite a bit

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Raylbc27
1
Raylbc27 Mar 11, 20 2:59 AM

Yes the little $100 here and $50 and $25 here they add up quickly and usually my style of trading! I'm a market single or double trader not a home run hitter

StevenHoechstenbach
StevenHoechstenbach Mar 13, 20 10:51 PM

That's great to hear. To me, anything that's 5% or better is a solid move. Also depends on the overall setup too but consistency combined with singles is the way to go long-term

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StevenHoechstenbach

Learned a lot over the past 2 weeks with the Coronavirus related plays... FOMO hit me a bit, took some completely unnecessary trades that had no real edge and so on. But I've finally discovered some consistency that, if I stick to what I know, will continue to grow. That's rule #1 and most important for me to remember

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StevenHoechstenbach

After 6+ months of live trading, to paper trading and now back to live trading it's nice to witness some decent progress. Finally green again on the profit curve, just a start though!

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StevenHoechstenbach

So far the Trading Tickers DVD with Tim Grittani has been an absolute learning experience... It's already opened my eyes up a lot on many of the mistakes I have been making on the long biased side of trading... I've learned that being more re-active to trades really does make more sense with my personality rather than anticipating what stocks could do and entering due to those feelings. More updates on this soon!

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