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! :) :) :)