I'm going to keep this short because obviously, Time is Money.
What's also true is that TIMING is money trading stocks.
I can't keep buying the backside of the spike and expect to make money. I'm also not sure how I can, with only 2hours in the day to both study AND trade, get more consistent.
I've been trading less (generally) and I've #cut losses quickly more consistently so less big losses. But obviously I'd like to convert these "less big losses" in to "more and bigger gains". Maybe I have to change my mind about this too and trade even less - expect to gain, just not as often right now? This may be where the sniper thing comes in. It's honestly really hard with so much going on in the market and so many people making so much money so quickly.
I'm honestly just trying to figure it out as I go. I'm still determined to trade up from where I am without adding more funds to the account. (I REALLLLLY wanted to add more funds to the account.) The one thing I can say is that micro account trading is forcing me to learn concepts and discipline that will save me from just losing more and bigger money by adding more funds to the account. My brain tries to tell me it's a pain in my ass to trade with a Micro Account, but it feels like I'm learning. Maybe slowly, but it's a marathon not a sprint. I'm just coming up on 6 total months of trading. Of course I'll still make some newbie mistakes sometimes. You can only lose when you sell (or quit, in this case). I won't do that. I'll continue, and one day, when I have that "aha" moment, my profit chart will rocket up and my monthly recaps can at LEAST start to say "moving from small account to medium sized" or something. lol.
Anyway, much success to everybody hustling and learning in this crazy market.
I'm still on my (a little longer than expected) road from Micro to Millionaire. Let's Goooooo!!
I'm in the same boat with a micro account and feel your pain. I totally agree that it feels I'm learning which is great but not feeling like I'm seeing results is hard. I've started looking at % gains and losses instead of $ gains and losses which has helped there. Stay with it and you can grow that account!
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