MarkAus

A -$150 loss with $FORD tonight. I didn't really want to buy shares but I was trying a new tactic. My luck; a big seller popped up and scared me off. The price did eventually go back up but I had taken my loss quickly as I wasn't going to hope for any recovery (emotional trading). Looking at the trade I was stupid. The volume was just far too low so I should never had bothered. Still, it's good to buy something and get my confidence up. Had a hard time selling shares "on limit". Might have to use the stop orders?

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MarkAus

My first night trading without someones Watchlist, chatroom or any kind of support. I found $CJES but stopped watching after it dropped 0.50c at open. Big mistake as I should know better. It then bounced 0.75c. Also watched $ACI. The chart looked perfect if it had a sudden drop like CJES which could have an awesome bounce. It did and I didn't buy due to nerves. My plan was spot on to buy on the dip and would have cashed out. A repetitive issue for me.

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MarkAus

@ConnorAlerts Hi Connor. I'm hunting for a new guru. Do you go into detail on finding charts? After a year I have a hard time finding good charts and trading still makes me nervous (still a noob). Your video shows you're pretty low stress so I'd like to know more about your ways of doing things.

ConnorAlerts
ConnorAlerts Aug 31, 15 10:07 PM

yessir, i'm very low stress when trading... all about high probability setups. Def take advantage of the 50% off sale

MarkAus
MarkAus Aug 31, 15 11:46 PM

I'm unemployed now and the last guru has a chunk of my savings. Not so sure paying a year up front is a good investment without some further understanding of what you're teaching. $600 or $1600 is a lot when life is tough at the moment. :( Cheers for the reply. I'll think about it.

ConnorAlerts
ConnorAlerts Sep 01, 15 11:34 AM

@MarkAus shoot me an email and i can send u some info, connor@investorscorner.org

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MarkAus

Added 2 trades I made through the week. It was also the week the market crashed and recovered. I had no idea what to do as the charts didn't work in a way I was use too so sat back and watched. I made my first play with a plan but freaked out when I should have stuck with the plan. Would have made good money. Second time I stuck with the plan and made a small profit. The paper trading I did through the week did very, very well but those don't count!! Also finished with Tims Challenge course.

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MarkAus

Last night was a real downer. FORD went up on a bounce but I didn't recognise it at the time. More profits missed. Its embarrassing as I should know this stuff easily by now. Its a pattern with me. --- Also my course has well and truly finished with the Challenge. I'm going to look at one of the Guru's at some point and most likely pay monthly. Its cheaper then the Challenge and can stop if life takes another dump on me.

MarkAus
MarkAus Aug 31, 15 12:40 AM

Good to hear from you @mavrick41 I know what ya mean. As it is I've invested a lot of time with Tims strat so for now I'll keep going with it. My paper trading has been really good so I just need to stick with it for a while. Eventually ASX and Options would be something to learn. Right now though I'm trying to research which stocks to play with. You seem to know other strats about stocks I have no idea about.

MarkAus
MarkAus Aug 31, 15 12:41 AM

Getting Divys sounds good yet something I still don't know much about.

mavrick41
mavrick41 Aug 31, 15 1:17 AM

your starting out on a much harder strategy with low chance of success even for experienced people its a tough high stress game and too many scammers in the industry because actually over 90% of traders lose I started over 20 years ago then got trading options biggest winner was 17 k never matched it again then trading cfds shares but I realize now the easiest and safest game is buying strong companies with a dividend for some income adding to the position regularly and adding some covered calls

mavrick41
mavrick41 Aug 31, 15 1:19 AM

I just sold calls over ncm got 6% for 5 mins work beats watching tiks go up and down and stressing range is between 3-6% a month call premium you can replace a wage with 50k

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MarkAus

OptionsXpress - Add More Charts - Maybe everyone knows this but I can't find squat online so here it is: To add more live charts to view real-time click on 'quotes' on the main page tab then 'streaming charts'. Once the java window is open (a chart which will most likely be SPY) right click on the chart and "open in another window". This will open a new window which is fully customizable to fit on your screen. Repeat right clicking\open another window.

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MarkAus

Tonight I ran with $FORD and noticed a lot of buying at the open. I was going to buy in as well but didn't. Figured I'd see what happens. Well, it went up, up, up and could have made $600 had I bought and sold when I planned too. Again nerves not so good. I keep hearing Tim's voice tell me "don't do it's risky!" haha. My nerves seem to be not so good but the money factor isn't really a problem as I put down what I'm safe with but the nerves still kick in. I'll keep trying...

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Raylbc27
Raylbc27 Aug 26, 15 1:52 AM

When trading real $$$ your emotions gets in the trade. You have to expect the worst when in a trade. Make sure you sign with with good site like Marketbeat.com, Marketwatch, Barron, flyonthewall.com is what i use.. Always trade 3%-5% of your portfolio for each trade and you'll be new but you have to make sure you watch the markets. furtures, forex, news from other countries (like what's going on in china) etc not just Tim watchlist

timothysykes
timothysykes Aug 26, 15 5:49 AM

Thanks for feedback, remember you have the information for life, the patterns/lessons/rules are EXACTLY the same as I've refined them over 15 years so keep studying, when it all clicks for you, you'll be amazed

MarkAus
MarkAus Aug 26, 15 11:31 AM

Thanks for the comments. Cheers Tim!

iLLeSt
1
iLLeSt Aug 26, 15 2:27 PM

It will be a difficult journey if you try to jump from one strategy to the next without actually developing the trading discipline. Sure you will have to find a system that fits your personality, but instead of focusing on what you don't have, be resourceful and use what you do have. If you don't have a broker to short penny stocks then don't short penny stocks. There are many ways to make money in the market. But remember, the most important thing is discipline and consistency. Without those tw

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MarkAus

The stock market panic has been very interesting. I had a plan at open for this 2nd day and didn't follow through, lost $80 as my confidence is still terrible. Had I remained calm and followed my plan I would have made $200. Still, its the first time I've traded in months and I learned as usual. Bad entry, didn't trust plan = fail. Gotta stay positive and believe in myself.

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MarkAus

The big Black Monday crash last night. What a site to behold!!! Everything opened way, way down. The big surprise, many came up, up, up (roller-coaster). I didn't put down money on anything due to fear but the quick bounce allowed many to make one hell of a profit. My confidence is still pretty low. Still, I think this week will be an interesting one.

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