Hello all!
I hope everyone is having a relaxing weekend thus far! I am pretty new to trading, but I wanted to share my experiences that I have had so far. It is great to be transparent like Tim says. I have been studying Tim's rules and strategies for a few weeks now. I actually just finished his HTMM DVD, and if you haven't watched that yet it is a must see. It was so beneficial, and I feel that I am more confident to start this new adventure.
I am so thankful for his teachings and transparency along with all the other traders on this site. It is so cool to see everyone be so helpful in hopes that we all can come out profitable. I also must say that paper trading has been hugely crucial to my learning success. Before getting into this I had no idea what any of this meant, and I started an account with tdameritrade, and using their platforms has been relatively easy.
I have been using Tim's rules and understanding my risk/goals per trade (paper trade), and after paper trading for over a week now I am up 1k. I am going live trading on May 16th, and I am so excited to grow my small account and start this new adventure. I have had some small loses in my paper trading, but like Tim says...using his rules I am winning more than I am losing and when I do lose I make it small. One of the biggest things I have learned this week is not to chase breakouts/alerts. If you miss getting in, use that as a learning experience to be ready for the next big breakout! Being prepared the night before always helps!
I look forward to another week of learning, and then to reflect what I have learned into live trading! Study hard everyone, and I hope you all have a successful next week! Good luck everyone!!
@trlee25 I have been trading on and off since 2009 but mostly off since then. Definitely be prepared, the hardest part of this game for me has been my psychology and staying focused that is the most difficult part one can deal with.
@aandino I will for sure take note of that. Thank you for your input. I will follow along on your page. Hope to see your profits grow as well!
Haven't been trading long. 3 months paper trading, then tried for real in April with a small account and got smacked down pretty hard. :-) So it's back to paper trading and study. HTMM video lessons are helping big time.
Go with How to make Millions dvd.
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