($682) loss ZAGG Long Stock
Entry comments: I went bigger buying this recent earnings winner at day highs, breaking out of multi-day range, also a headset maker https://www.zagg.com/us/en_us/audio with HEAR going Supernova tot he 17s, this can run too
Exit comments: Tried to be patient, but its failing right at the key level of 14.70ish that has been an issue for it the past few days, I forced this trade a bit since HEAR was spiking too much, better to look at this on a dip buy later today or on a morning panic next week
I also recommend you use a paper account for a little while until you discover the pattern that initially works for you. I have to remind myself daily that trading is not a sprint ITS A MARATHON!! I have a small account also. Tim is great and his teachings are right on target. I have turned 2000 into 7730 in 18 days with small singles.
@LugMM Pennystocking Framework 2, and TimFundementals 2 were great. the $150 a month for Pennystocking Silver will benefit you greatly. hundreds of hours of material to study there. I wouldn't even try to trade until you have a solid month of studying and recognizing price action and movement. and once you do, definitely lay out rules for yourself.
@LugMM For example. I will sit and wait for a stock for hours to come down or up to where i want it at my price. NEVER chase something. If you miss it get the next. You will get bad entries and eventually blow up your account. My max risk i've set for myself is 10% of my total position dollar size. the second it hits that i cut it. but if you're entering positions where you should, that shouldn't be a big problem.
@TheMoneyLady Thats awesome! why haven't you uploaded any trades? its extremely helpful to see what your good at and what profits are actually happening.
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