
Sad news from $MGM here https://tim.ly/34IYHP8 its tough out there right now!

Sad news from $MGM here https://tim.ly/34IYHP8 its tough out there right now!

Accountability post 05/27/2020-06/9/2020 I spent a good chunk of one week helping my parents get their house ready to sell, so I didn't have as much time to study. I still pushed myself to get in as much study time as possible, though! I watched all of the live Challenge webinars the past two weeks. I have developed a daily schedule for my trading days, including time for workouts and study. I am caught up on all emailed video lessons. I have started rating and giving karma to the ones that I watch so that I know I have watched them at least once. I have started going through the video lesson list from end to beginning. I have watched about 30 lessons so far in this sequence. I have transferred my savings to my TD Ameritrade account. I have been paper trading with Think or Swim, and I really like the integrated trading on this platform. I figure I can always switch to something else later if I need to. Right now this is super convenient. Putting my savings into this account pushes me over the $25k needed to excuse me from the PDT rule, but I am only trading with $17k. I have decided that my official starting point is $17k, so I hope to be able to grow that seed quickly without blowing up! I'm glad that I don't have to worry about switching between brokers now for trades. I paper traded a call option on June 1st on $MGM for $0.44 per contract for 10 contracts June 5 expiry date, it cost me $440 in my paper trading account. I cashed in on June 3rd before they opened Bellagio, NYNY, and MGM Grand on the Las Vegas Strip. I made $1200 off that trade! I wish it was real! This trade taught me the potential of options trading, and I'm hoping I can grow my account faster by trading this way occasionally. I upgraded my Millionaire Challenge membership to lifetime access. I have only been in the program two months now, but I can see the value in this program already! I also joined Mark Croock's Evolved Trader program. I have been interested in learning more about options since I watched his options webinars in the Challenge, so I went for it. I already made a little money on his first alert with BYND call options. I finally got around to watching the movie, "Boiler Room." I finished watching the TimTactics DVD. That was a hard one to get through, and I wish I had the manual he kept talking about. He didn't use power point slides, so it was hard to take notes. I made a reading list of Tim Sykes' top 20 recommended books to read. I have started listening to the audio book, "Trading for a Living" while I lift at the gym. I've been listening to Michael Covel's "Trend Following" Podcast the last couple weeks. I listened to it on my 450 mile road trip the week before last week, and I have been listening to it on my morning runs three times a week. I made a few conservative trades this week. I am working on controlling my emotions in each trade.

[TimAlerts] $MGM

[TimAlerts] $MGM

[TimAlerts] $MGM has a nice chart, and it's close to resistance

[TimAlerts] $MGM

[TimAlerts] $MGM nhod

[TimAlerts] sold $MGM for a small gain
Join now or log in to leave a comment