Tomislav

Today was a struggle. I traded multiple stocks multiple times (again), I didnt put a clear enough entry strategy in place, I missed opportunities to lock in profits when I could and lost good trade opportunities. Started the day with relatively good logistic but rly bad and agressive shorting on ABEO and $GNC. Another unnecessary fail with buying $SRCI, all of which are 8$ range. Then I had a mathematical epiphany and tried trading same approach, same paper capital on >2$ stocks. Proceeded do to a couple of very gratifying trades with $AEZS, CAPR and $XCO. I exit the trading day humbled and motivated to study trough the weekend.

Tomislav
Tomislav Jul 31, 17 4:10 AM

Oi oi! Yep, Croatian. :)

barista
barista Jul 31, 17 8:59 AM

haha cool :) good luck with penny stocks I'll be following you till you make million :)) I cant trade atm just bought into a new business so it will take me a while to get my feet back on the ground. In the meantime I wanna learn about it. It's a good thing your're paper trading just be patient and keep studying and remember cut your loses early and let your winners ride ;)

Tomislav
Tomislav Jul 31, 17 10:33 AM

hehe, thanks for the support! I'm going at it all determined and methodical, hopefully the hard work will pay out eventualy. ^^

Tomislav
Tomislav Jul 31, 17 10:34 AM

Good luck to you too with your new business!

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Tomislav

I short sold @$8.40 and again in further strenght @$8.55, bought to cover half @$8.45 for 1.5% profit, after missing my 1st opportunity I added more @$8.46 and bought to cover all @$8.375 for 1% profit. Ended trading this stock for 2% overall profit. Even though this day was a plus, my trades sucked chocolate balls. A lot of work is ahead of me :)

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Tomislav

Bought 30shares on dip @$6.775, sold half at a fairly good point @$6.86, then held the bag with the other half untill $6.44 for a total of -2% profit. Then I revenge bought @$6.49 and sold @$6.55 for 1% profit. Played from boredom, then I revenge played, then I failed to cut losses.... this was a wrong play in all aspects. Need to learn my strategies better and work on my discipline.

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Tomislav

First i bought 50 shares 10c below breakdown point at $6.35, sold at my stop loss $6.24. Cut hypothetical losses quick! Later, before close I bought another 50shares at $6.35, held few cents below stop loss because I was thinking I'd play the chart (heh)and not the ticks. Sold 20shares before close @ $6.24. 30 shares left overnight. I'm hoping that its gonna bounce back a bit because its a large company and its an earnings winner.... its all wishfull thinking in good part, but I'm making strides ;)

Tomislav
Tomislav Jul 26, 17 5:51 PM

I didnt do any of the obvious plays simply because I was expecting a breakout and didnt plan out this scenario.

Tomislav
Tomislav Jul 27, 17 4:44 PM

Holding overnight was a mistake, I should have CUT LOSSES QUICK :)

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Tomislav

Paper trading, in 4cents after breakout @ $8.39, out at top tick of $8.47. Exited after it wouldn't show strenght. "When in doubt, get out!" Still a bad play, need to get better at judging some of the P.R.E.P.A.R.E. criteria. Quality learning experience all in all

Tomislav
Tomislav Jul 26, 17 5:38 PM

tommorow should be a first red day

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Received 42 Karmas
amandas
amandas Apr 30, 22 9:13 PM

thanks tim. great tips here. i will improve my spread sheets to learn more from my mistakes.

Brandonian
Brandonian Dec 04, 23 1:10 AM

until im trading well i have no business trading size ✍️

Brandonian
Brandonian Dec 04, 23 4:16 AM

i defined the setup i allow myself to trade bigger risk

Brandonian
Brandonian Dec 04, 23 4:26 AM

i embrace the process i focus on the trading i trade well follow my rules allow the profit loss to take care of itself once i prove i can sustain change longer than a couple weeks way cut down on my mistakes then i can thinking about sizing up again upping those risk levels. Mistakes: Played too Large Didnt Cut Losses FOMO. you 🪨

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