I never thought I can use the PennyStocking principles learned from @timothysykes can be applied in Philippine Market! Thanks, Tim! I'll keep learning until this becomes comfortable.
I have more losses than wins. To be able to earn, I should lose less amount with my losing trades than the amount of money gain with my winning trades. With that, my entry price should be my cut loss price. It means that if the price won't explode at once as I entered, I'm out.
Amazing Profits today! about $3,150! with WIMI and a very fast Short on PSV I will post the profits tomorrow. I recuperated all my losses in less than a week. Gotta stay focused and very very patient! @timothysykes coming for you! hahaha jk :D
junpasion Jul 10, 20 4:52 PM
I lost big with PSV. I still really don't know when to get in. But then, it's a part of the learning process.
Michelino12 Jul 10, 20 5:24 PM
@junpasion I actually didn't look at this stock at all until 3.30 pm which I clearly saw that it was overbought and about to dump So I took an immediate action to short it for only 10 cents but I knew it was going to go even further down. But yeah, learning is the key!
trisjace Jul 11, 20 1:43 PM
how much had you paid to borrowed fees, and commissions? Is this a net P/L? and Which broker are you using brother?
Michelino12 Jul 12, 20 1:12 PM
@trisjace I only spend about 400$ on borrowing fees for both stocks together.
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Slowly and efficiently recuperating all my losses. I'm already 3/4 through. I will never be taken over my emotions nor my greed! learned a very valuable lesson. I will post my trades tomorrow.
Michelino12 Jul 10, 20 10:20 AM
@junpasion Thank you!
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There's a time for everything, and this is the time for me to learn a new skill... how to make money work!
@junpasion just became a fully transparent trader today!
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