calvinw

Happy July to all. Hopefully the summer is treating all of you well. Well! In a nutshell... I have been a lazy waste of space student for the past three and a half weeks. Been reading the candlesticks book by Steve Nison, but that is about it. Have been in all the webinars. and watching vid lessons, but my trades reflect this laziness. I don't know if my study regression is a natural trigger to settle down a little from all the cramming, or just plain laziness. I figure its a mixture of both. I'll also mention that I get myself more confused with setups versus anything else. The lazy portion of my complaint is just due to not writing down the plan. I think watching and participating will help my "visual" sided nature to correct what I am not writing down. Well! the verdict is that it is not working, so I need to adjust my habits and do something different. There were a multitude of trades I could have done if I simply would have wrote down what I was anticipating visually. When I start to finger click the buy order, I simply get too nervous and think in my brain that there is a better entry point. Oppps!!! Steve Nison's book is awesome. I would absolutely suggest it for all the newbies like myself. I am no authority, as we all have our own way to learn. It was one of the highly recommended buys on Tim's list of books. Okay! One thing that is bothering me to no end. I don't know if it is good or bad though. I claim to be visual, but still need to learn VWAP. It seems some of the more experienced traders are using this. As I enter my month 7-9 phase (July to early Oct) I now need to start learning some of the technical indicators and get a permanent trading schedule put together. This is a short entry this time around. I need to study. Lost a couple of bad trades. Look! I know it is part of the natural cycle as Tim would say, "...one must learn to lose before winning...". the problem is that my losses are simply bc I DID NOT follow the guidelines in cutting losses quickly, or i realistically just went outside my supposed mental plan. There is one bright spot to this. I am kind of fibbing about the cut losses quickly measure. I have cut my losses quickly on the past few trades, so that part is coming together. Kind of commenting in circles, but the rambling is something I can deal with. Now time to quit writing and get my you know what back into studying. Finding some rejuvenated energy... Good luck to all of you in your trades...

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calvinw

Hello Profitl'y family! Happy Memorial Day Holiday! Surprising this Starbucks here in Pentagon City is empty. Maybe due to ramadan and the weather is great outside. Oh well, purchased my goodies and will benefit in having a good studying environment. Optimistic that today marks a milestone in that the bs ends on my behalf. Bs in the sense of repeated past blunders. I've put together a few great months of training, and by no stretch will I say that I am ready. However, i now have enough knowledge in my noggin to def compete and trade small amounts. Overall problems to highlight: 1. Confidence in trusting the setups. It took Jeff Burnett in our chatroom to set me a little straight and understand that its good to test, but IMMEDIATELY obey the "cut losses quickly" in which I will do now no matter what. Will play for small but meaningful gains. 2. Got a little burned out over the past three weeks. Had to step back from hard book crams and really try to absorb patterns and video lessons. Just watching a few DVDs for refreshment, but now have to get back into the saddle and learn. "LEARN" because its exciting and that "I TRULY WANT TO LEARN". How refreshing. Not really a problem I guess as I note this but just a revelation on how impatient I am to start trading. I did pass some test though, in that I didn't follow trades or just trade to trade. A good thing and a bad thing depending on how you look at it in perspective. 3. Having a difficult time with letting my passion for finding the #2/ #5 patterns. I seem to want both and should really just choose one of them and focus on it for a while. Will take this weekend to figure it out and start executing a smooth transition to the trading floor. 4. STT: Really want this and now understand why Tim is executing and really finding these penny gems to get in sound "within the rule" type tickers. I may have to do the 1 week subscription and just try to give a true try for building my watchlist. Got my forms ready, but just need to find the STT platform so tghat reporting my info onto the forms is a shorter time and constructive. Time management is the key here. The dumpy stock screeners are ok since we know what to find. Got a feeling that STT will give a "catalyst" to the ticker search due finding diligent plays. Don't want to waste time with junk stocks. As Tim sometimes states: "Its hard enough to find two plays in a day, or even one if you are paying attention": i think STT will eliminate a lot of the noise when searching for great plays. Plus, I need any shortcut that I can get in shortening the homework up a tad. 5. Don't worry Mr Steenbarger. I have not forgotten about you... Just biding some time to test myself and whether I can develop a steel framed mentality to repel the kryptonite in having that (too much of a) hesitant trade finger. The positive outlook: 1. Will be a millionaire at some point. I am in this for the long haul. Maybe it will take me years, but I know that as the lightbulb pops on over my training sessions, I will exercise good due diligence and follow rules as I experience plays. Truly still waiting for the "teacher to appear" Without reading Paramahansa Yoganandas "Autobiography Of a Yogi" or Neal Donald Walsh's "Conversations With God", not sure I could have a depth of character and commitment to understand how to break down the normal hum-drum life filled with ideological cages. Penny stocks is so much about throwing out the rules and the norm of how we see things. I am not quite there yet, but do know from my experiences that the road exist, and I have choice in adopting and utilizing the tools and mental perseverance to survive in penny stock land. I don't write this stuff to assure my convictions, but to testify my realization of where I belong in the matrix. Playing stocks and building wealth will be so much more than just executing trades and understanding numbers. The sprint vs marathon analogies TS uses are very true. People think TS may be referring to just building wealth through trading. Down the road, I have a feeling that Mr. Sykes could write another book based on his personal growth and development with helping people. Our growth as students depends on the sheer ability to grow our mental presence to belonging in the game We are taught to live in boxes. Penny stock trading is totally against the grain. If one cannot see the ideological matrixes and break them down, then how can they be open to new methods and strategies and teaching. TS passion is to teach, so when he yells at us... is it really that he is yelling at us or himself. He has lived this stuff and knows from his own mistakes. His book "An American Hedgefund" testifies to this and basically tells all of us students as to how he came into being outside of the matrix. Anyways! Will quit rambling. Really just giving myself notes and logs along the way to look back on. 2. The trades are coming my way. i am growing into understanding some basics, and as I watch Tim and others trade the log is getting uploaded mentally. No more to say about that, bc hindsight is 20/20 and lets check back on this statement in a few months, LOLOL!!! Have a safe and wonderful holiday. I want to keep writing, but just want to get into the studying. Time is money and money is time. MY CUP IS HALF FULL... Blessings and thankfulness to all the families and troops that give their souls for our abilities to be an independent and proud America. be safe all! :) :) :)

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calvinw

About to head into today's Webinar with Mark @ 2:45 p.m. Starting to feel a little better about the understanding of Level 2, as I've been reviewing "Trading Tickers" for the first time. Will be interesting to see more info provided politely by Mr. Tim Grittani. So far what I've learned. The tape reader shows the sellers in "green" and the Bid (buyers) in "red"... Totally the opposite of what i was retaining from before. Mind changing revelation, and will ease my tensions from being so apprehensive in looking for the "Wall of Buyers/ Sellers" So I can add "TimLines/ Timdicators" to my list of finished DVDs. Obviously, as stated aboce, I am now into "Trading Tickers" w/ TG. Very cool and a ton of great info to Benefit Tim/ Profitl'y. I am also through the first 1/4 of Jamil's "Pennystocking" course. This book will definantly change how I do things into the future as to how I plan and operate my thinking/ psychology and energy put into Profitl'y and becoming a serious trader versus a pretender. I have not proven a thing though, as this book is certifyi8ng. A lot of freaking hard work, and I will need to refocus, review and retain this stuff over and over again. I still feel comfortable with the dip buy patterns. Hey! Now that level 2 makes a bit more rational sense, I can hopefully review more video lessons and keep on with TG's training. Overall sentiment is that this course is def for one that chooses to learn and become independent. I will need to work on my stubborn habits, maybe need to buy Steenbarger's “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist.” that Tim has on his favorite books list. Ok! Will cut these thoughts short for now as the Webinar is beginning in 1 min. Take care and trade safe, well and gain your independence from the Gurus. Let's earn it team and make this challenging life marathon a good one for the gurus, "Yes?"

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calvinw

Overall good classes by Tim and Mark this week. Didn't buy as I am more into learning and establishing my study habits. Plus, don't want to get burned out... Will complete the initial syllabus of DVDs hopefully by the beginning of the week into Monday. Of course, the 6th Pennystocking Conference is intertwined with the TIMDicators DVD, which will take me a couple weeks to learn. Also I keep hearing about the new "Part Deux" DVD. Accomplishments: 1. DVDs. 2. Read Tim's "An American Hedgefund" 3. Viewed very few video lessons due to viewing all DVDs. 4. Have participated in most of the classes and webinars since my 1.5 month inception into Tim's Challenge. 5. Set up and funded my ETrade Account. To Do (...over April and into May/ June): 1-4. TIMLines/ TIMDicators/ Spikeability/ Trading Tickers (Tim Grittani: "Yes Tim, I also enjoyed watching WSOP w/ Chris MoneyMaker). 5. Start watching incorporating more lessons (doing my own watchlist) as Tim post them. I think I am starting to get the gist of some of the patterns now, as Tim discusses them. They will make more sense... 6. Watch "Trader's Checklist" (hopefully this will put a lot of the thoerys and practices by the gurus into more perspective. 7. Re-watch 'Pennystocking Part Deux. 8. Purchased Jamil's "The Complete Pennystocking Course" 9. Start preping emails w/ questions to Jared S, & Co/ Gurus (re: misunderstandings or just general Qs to the lessons). 10. Start learning Etrade platforms, and with successful trades, look into doing the "7 day" $1.00 Trial for STT. (it seems critically essential, and all gurus stand by it along with most guest speakers in the conferences) 11. Will ONLY trade when I absolutely understand the patterns... Man!!!! Just realizing how seriously far that I have to go, YIKES! But I am understanding the teaching, but not retaining them. I suppose after completing my To Do: 1-4, "Pennystocking Part Deux", the patterns and Video Lessons will start to click... Hopefully will be ready by July :) If anyone actually read this, good for you. I am just trying to leave myself a somewhat testimonial of progress and journal. What have I learned (key word here: "retained") so far. DON"T LET UP ON STUDYING... & BE VERY PICKY AND NOT TO FORCE TRADES... There's a lot more, but this seems to be my initial reactive thought off the top of my head. Enjoy April everyone and I do believe that Spring is here. Study but play hard my Challenge friends and family.

Received 1 Karma
JeepTrader
JeepTrader Apr 13, 12:47 PM

Yes, actually read it. Good luck & study well!

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calvinw

Birthday today and I treated myself to "The Complete Pennystocking Course" book that Tim suggested, ...not that I don't already have enough research on my plate with Profit'ly platform. I'm also dabbling with Steve Nison's Candlestick book, but syllabus DVDs and TIMDicators, Video lessons, along with "Traders Checklist" are of the highest priority before the end of April.

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calvinw

"Read SEC Filings" DVD is really informative. Will realistically retain maybe 50% of it, and I even took business courses in college. Ok! back in 1997, lol! Real world commentary and experiences trump college books any day. Lesson to be learned: Train, work, play and plan in-line with your gurus but not copy them to the core. "Monkey see, monkey do", but be genuine. Just don't copy-and-paste your efforts in-line to that of the gurus. Our guru's experiences and portfolios are their own, and totally different from what we have.. As Tim and Michael Goode would probably testify, develop and prepare your trades on a schedule. Actually, they repeat that sentiment over and over again about planning. MG awaking and preparing two hours prior to market open. Can't wait to get into Tim's Trader Checklist and start filling out his watch list form. But see no sense in hurrying until I get through the DVDs. I will trade here or there, but in small non-dangerous quantity until I finish the course DVDs. CHART, VOLUME & PATTERN!!! Wow!!!! And that may be the easy part in the end. About the SEC DVD: Only finishing part 1 (or disk 1) ...and I already have a headache, but hunger to learn more. 6 hours put into 2.5 hours of video so far on it. (Yes! I'm one of those people that have to keep rewinding and re-watching. retention is the key. Ultimately, so many things to note such as MG's advice in doing scans and treating the "cash flow" statement with extreme importance. Theres plenty more to note, but need to quit writing and ...well! On to Disk 2. Happy Easter! Now get back to studying and behave yourselves :)

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calvinw

Today was a good kick in the teeth type day. Could have been avoided if the plan executed was ACTUALLY" executed. My patience to wait for a ticker to come back burned me bad today. Was willing to wait it out, decided after the sinking to just cut out, then the price comes back... result! $1.5K loss! Not good! I entered the challenge to grow, learn and evolve beyond past tendancies. I'm studying hard, learning the patterns and engaging in the chat space and DVDs. One month in, and note taking, ... have read Tim's book for his experiences. After all that studying, and I am hearing the advice and absorbing the info... 47 years old here: MY VALUABLE LESSON FOR THE YOUTH: Learn to be good LISTENERS to Tim, and all the gurus. Better days ahead.

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calvinw

Excited to be on Profit.ly. Overall, my trading skill is really bad. Two weeks in I feel that I am learning a lot from the first five DVDs, read Tim's book and FINALLY starting to attend Webinars. Short term goals is to finish through the DVDs, watch some webinars, and continue to learn "Patterns" Then: "rinse and repeat", YIKES! I have invested in (my current open trades) $AAPL, $NVDA, $BABA, TECHY, $MSFT and JD as investments. Very happy with them. My burning Q is do I sell off my positions in a few months to trade, ...only when I understand the homework. I guess those answers will present themselves in time. Also need to close 10 other bad open plays , grrr!!! Decisions! Decisions! LOL!

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