I hope you're having a GREAT Good Friday/day off from trading, but there's still work to be put in and I have 3 separate video lessons for you today from myself reviewing key rules/mindset lessons, Tim Bhoen reviews the path to $1 million and my 1st female millionaire student Mari reflects on her $600,000+ month a few years back. Please watch and learn and take lots of notes as all these lessons help you get better prepared in the future!
Posted Apr 03, 6:15 PMbytimothysykes
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5 Lesson Friday, Basics, Classic Lessons, Trading Mistakes
I went over my mistake. I was in a rut, when Natural gas ETF UNG and it is open bell intensive. I prematurely shot my wad and wasted my shot. No back up powder I went all in.. I love the game. There was another Tim you had on taking about waiting until 11ish for them good opportunities and yep. That there was was good advice. Lesson cost me 40 bucks off 500..
Next after noting my error, I moved on to happy hunting grounds the market provides. I eyeballing SKYQ real hard. 200 mil volume off 3 million float. Your bread and butter. Entry price is key. Best possible entyis to me the best setup like a suffer hitting the wave at the right time...
I have no one to talk to, my family is all dead and my wife left me. Depression is hard. never had it like this before. After 8 long years of beating up my liver I have two healthy happy dog and 4 gold fish in my trailer, we are well. I have some monies tied up in NFE calls and 500 shares, and 50 dollars cash to turn things around starting Monday. I got rent paid. I got stoage paid. I got food and made it thought the cold winter. I load trucks at night I trade all day. I can do this. I
I had an ace in the hole, RENX up high off ER news, then faded hard the next day. Little so and so. Old me would not give up, I would stil try to make money off that dead horse. No that is not the way. There is a whole Ocean of fresh new fish to be had. Set ups to dig into and ride... The biggest risk to bag holding is offerings where they dilute your share value over night and its gone... Linger with the dead fish to long you could become the menu for a bigger fish.
I'm going to go talk to my wall now about options. You all have a great day.
thanks gUys , great vids
Greetings friends, I regularly go little further on these lessons and find some very informative videos about various trading best practices from previous students. For example, check out Mari Trades on YouTube, the info she shared is clear, detailed, and good for me as a new trader. I highly recommend it if you want to learn some basic trading skills in easy to understand language with demonstrations.
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