iTzTruth

Had a plan and didn't stick to it last night, was still a little cold footed. Put CALI on my watchlist and was short biased after I found the information from their SEC filling. But now its down too much to short so I'm just going to stay away from it. Still waiting on ZENO and BLTO to crack after 4-5 days green in a row. So hopefully we can see ZENO crack hard cause I think I can find some shares to short, We will just have to wait and see tonight.

Join now or log in to leave a comment
iTzTruth

So took some time over the past couple of days to slow down and study, re-watched Tim's How to make millions video and watch a couple of his newer youtube video lessons and i have started to develop a strategy that i want to test. It seems like i have been really killing myself on my last couple of trades because they are moving too fast and i am missing my entry and then just chasing to only get burned badly, but it seems that each one of them has bounce so if i can just wait for the bounce i should be much better off. We will have to wait and see.

Join now or log in to leave a comment
iTzTruth

Had a terrible day monday, for some stupid reason PRAN pushed all the way to 4 for no reason at all....... killed myself and chased the trade. Got super upset with myself because i fell into the FOMO and Chased a trade. I really need to find better trades than this.

Join now or log in to leave a comment
iTzTruth

Took the weekend to really sit down and study.... Re watched how to make millions and it really opened my eyes , made me realize a few things that i have not been doing and had me look at things from a brand new angle. Holding short PRAN over the weekend, looks like it could be a great trade because two analysts have downgraded it on friday but we will have to wait and see pre-market. Don't want this to get away from me.

Join now or log in to leave a comment
iTzTruth

Two days in a row of bad trades is making me take a step back and really focus on bigger plays, was hoping IDXG would of been a better play after seeing the massive volume premarket but after market open the price action just failed. Either way i just need to take a step back and look at my strategy.

Join now or log in to leave a comment
iTzTruth

What a day, had a great market open with $GBR , took a small gain but still wanted to keep my winning percentage high. I made a few mistakes but in the end I learned a lot. Made a plan,.... didn't really stick to it but it kept me on the right track for success.

Join now or log in to leave a comment
Tee_GO

@NickE Hey man saw you were down just over 4 grand and now in the green. Congrats, thats dedication and hard work. What helped you out from R/G in your profits?

NickE
NickE Mar 27, 17 8:11 AM

Thank you. I'm still very much in the process of learning. What helped me from R/G were a few things. Taking smaller position sizes in order to remain more comfortable in a trade helped me to keep emotions under control. I've also been doing a lot of short selling and have found that for me, I'm much better at it than going long. I've also been making watch lists each morning, and trying to have a very clear plan in place prior to taking any trades. Sticking to that plan is still something I'm w

iTzTruth
iTzTruth Mar 28, 17 7:06 AM

keep it up man, i hope i can follow in your footsteps. Im still a very new trader and have blown up a few accounts. Now im back at it and hope i can do well. Your doing great, just keep your head down and work hard

Join now or log in to leave a comment
iTzTruth

ok well im finaly set up and ready to roar for next week, kinda sad i missed the HTGM trade because i was planning to trade that if i could but .... no shares no cares. nothing i could do about it. Soon will having everything ready for a perfect trading week and remember dont get crazy, dont jump all over the place. Make a plan and stick to it and if it goes against your plan GET THE HELL OUT But for today..... Study, Study, STUDY.... i want to rewatch trader checklist and really try to apply it to my trades.

Join now or log in to leave a comment
iTzTruth

Woohoo had a great day yesterday and i am glad that plans i prepared myself for all worked out. I understand that no trades were involved so it could of gotten much worse but im just glad i was able to make a plan and have it execute the way i was prepared.

Join now or log in to leave a comment
iTzTruth

So been getting back in gear now that my week has started , and i have been starting to make watch lists of stocks i think i could trade I want to just start making these lists and seeing how they execute my trade as Tim says "Have a plan, if your plan doesn't work... GET OUT" i understand what he means because i am right now just trying to build these trades and then execute them, if the trade i am building doesn't work out i can find out why it didn't work and adapt and adjust. I just need to keep learning and begin building plans and waiting for just the right execution .... Quality over quantity.

Join now or log in to leave a comment
iTzTruth

Well this weekend was bad, didn't get much done, but hopefully this week will be better. been super lazy this weekend because of the disaster of the last 2 days of last week. Well I'm tired of these excuses so I really gotta sit down and work hard at this.

Join now or log in to leave a comment
iTzTruth

So really doing my research today I've come down to a few things, 1. I need to track my win percentage and all my trades - if I can do this it will help in the long run for seeing my progression and improvement as a trader 2. Get started - Get started this week, just get into the game and start making (small) mistakes and start learning why you made them and how to avoid them in the future 3. Study every day

Join now or log in to leave a comment
iTzTruth

Well yesterday was a wash, wasn't able to get much done.... but hopefully today I will have a chance to get ready and prepared for Monday to come. I just need to get out of my head and sit down and do the work. I always have the problem of procrastinating and putting it off. BUT I NEED TO ALWAYS REMEMBER ..... this can set me free just remember the goals at hand You can become a digital nomad, a rally car driver, a successful trader.... you just need to work hard for it everyday

Join now or log in to leave a comment
Received 8 Karmas
Jonk87
Jonk87 Mar 19, 17 12:22 PM

@yawnabit cheers fella, I struggle in the exact same thing don't worry just a process!

Jonk87
Jonk87 Mar 19, 17 12:22 PM

@iTzTruth yes I desperately need to keep this in mind but after a few winning trades you make one loose one try to recoup the loss and ur in a while.

Join now or log in to leave a comment
iTzTruth

So I have spent the day studying and reviewing some old and new material and it kept coming back to four VERY important things 重要 [zhong yao](is very important) 1st - You need to always remember these rules 1. Am I prepared 2. Have I done my research? 3. How much will it hurt if I lose it all? 4. Am I forcing this trade? 5. Is there a pattern here? 6. What would my mentor do? 7. What can I learn from this? 2nd - Use the trading checklist P - Pattern + Price R - Risk Reward ratio E - Ease of entry + exit P - Past performance / History of spiking big A - At what time of day is it? Whats your schedule? R - Reason / Catalyst E - Market Environment 3rd - and it seems this is more important than people realize TRACK EVERYTHING - the more you track the more you will learn - the more you learn the more patterns you will discover - the more you find these patterns the more you will be able to work with them and not against them 4th - Don't even touch the big companies you want things that are going to grow your account exponentially not things that will move your account 10% every year so it seems like today wasn't a total waste as I thought it was before. I have spent some time reviewing old material and developed a serious trading plan....... wow , I actually thought that was the hardest part of this. Studying the past few years I have noticed that I needed a trading plan more than anything, and was never able to get anything into concrete Now the future looks bright, I feel like I am ready for trading going forward if I can keep my mind and eyes focused on the goal at hand. #traderchecklist #7thingstoaskyourselfbeforeeverytrade

Join now or log in to leave a comment
iTzTruth

Just found Jonk87 and I will definitely be following him going into the future. I like his videos just one thing that i really need to pay attention to is my organization I need to stay organized when it comes to the information that I will be gathering and reviewing So when I get home tonight I will definitely be trying to find a solution for that.

Join now or log in to leave a comment
iTzTruth

Well lets begin by signing up for the profitly watchlist and see if we can study a little bit with what the chat room is saying and see if we want make a trade......well a paper trade i am going to spend this first week or so on the paper trade list while i am online to see if we can just hold ourself to numbers lets just see

Join now or log in to leave a comment
iTzTruth

Ok..... Well im back, ive restarted my life and turned things around to a point where i am ready to push forward and tackle the next stage of my life. This is that stage, i have chased penny stocks for the past three years, failed a number of times but for the past 2 years i have sat back and watch and learned as much as i can. After reviewing some of Tim's new lessons and others i have read books on i think its time to get back into this.... but do it smarter than i did before. I have studied hard and i know now that it will be long road of studying , reflecting, and learning. So lets give it a try, i will be writing everything doing down and really commit myself to this entirely.......

Join now or log in to leave a comment
Page
of 2