gnorth8

Well looking back on July I honestly had two really large losses I just couldn't come back from for the month. Both of them bonehead trades--chased one and got burned massively; got greedy on the other to hold overnight to avoid a day trade. My overall goal this month was to make money... of any amount. Although I failed, I feel this month has shown me what cutting losses really means. When you are wrong, you are wrong and the market just doesn't care what I think. The market is going to market no matter what I want. I also really saw the power of sympathy plays and the value of multi-day runners. I saw the power of good price action with news and why good price action without news is riskier. I learned to wait for my entry (by the end of the month) rather than getting in just to get in. Waiting changes the chart and presents a higher success rate when support proves itself. I learned not to try and guess a short position... Waiting for the FRD and shorting the bounce is far better than "nailing the top". Two goals this month... Same as last month, I want to make a profit of anything. Any profit. The second goal is to discontinue buying stocks during extended hours (unless it is PM and really big news just came out) I will continue working on my position entry and continue to cut losses quickly. Word on the street August is a slower month so I need to trade like a sniper! Here is too August!

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gnorth8
gnorth8 Jul 01, 9:55 PM

June was an overall tough month for me—while being new to the challenge it has been a struggle watching people make money around me as it’s normally the other way around. June was the month of trying to play catch up and I have to learn I need to build by account, not blow it up. $-1150 for the month and already off on a bad trade in July. Things I did well this month was seeing the patterns and creating watchlist that panned out as planned. I made a couple decent trades and had some decent size

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gnorth8

@gnorth8 just became a fully transparent trader today!

gnorth8
gnorth8 May 31, 9:17 AM

my first full month of trading has passed and I am at a loss of -180.00. I learned some valuable lessons this month, especially to cut losses quickly. I also learned my patterns do not work intraday so I need to stick to trading from open till 11am and at the last hour and a half. Morning Dip buying, Morning Breakouts and Afternoon Breakouts off morning highs into the close are my plays right now. June I will focus on perfecting these three patterns. Goal is to be positive ANY AMOUNT OF MONEY.

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