TradingKnight

My paper trades this morning: EFSH - Bought 1,000 shares at $3.20, it looked like it was stalling so I sold at $3.22 for a 2 cent/share profit ($20). Then I bought on what looked like a dip, in at $3.07 and out at $3.25 for a 18 cent/share profit ($180) when it looked like it was stalling again. About 1 1/2 hrs later it made a nice dip to $2.71 & bounced to $3.12. It then consolidated and faded into the close. $SWN - Earnings. Screwed up and chased. In at $6.96 (617 shares) cut losses at $6.91 (-$30.85). I thought it dipped & got in at $6.87 (630 shares), then added another 630 shares at $6.83 thinking it would bounce. Cut losses at $6.80 for a loss of 5 cents per share (-$63). I am getting better at cutting losses faster, but I shouldn't double down. Another I was watching was $DAIO (earnings). I was watching for a breakout above $3.90, but something came up and I had to leave. It did breakout at 11am, touched back down at $3.90 at 11:25 then went to $4.11 noon and went as high at $4.14. Just before closing it dropped to $3.96 and closed at $4.03. Another one I was watching was GETY, but I couldn't find anything on it so I decided to not trade it. It opened at $5.05, went as high as $7.55, and closed decent at $6.8471 and seems to be holding it's gains through after hours. Maybe it was a pump? I would have been better trading this one. I think I would have gotten executed about $5.25 and would have gotten out around $6.00. Maybe I'm over thinking about the catalyst. I am continuing to study DVD's & video lessons - particularly many I found on youtube. Over the past few weeks I realized my mindset was wrong. It was more about replacing my income. Now it is more "keep my account alive." Due to my schedule, it looks like it will be three weeks before I can trade again...so I'll be studying when I have a signal. Overall gain today of $106.15 (paper trading). If I can continue being profitable paper trading, then I will begin trading with real money after the first of the year. I am using paper trading to develop my habits into better habits.

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verizonwired

$SWN on monday spiked for a 50% gain, tuesday was a small gain, wednesday was sideways action. Today the stock topped at 3.19, with support at 3.15. by 3pm the stock dropped and held at 3.06, with a after hours of 3.05. earning calls are expected next week and PR states they are expected to beat earnings somehow. comments on the stock have people stating they will hold til 2024 for their "expected double digit gains, they all believe that natural gas will rival petroleum. Ive been watching this stock since sunday, have made a small profit on it. I told myself not to watch it because I'd be worried about missing out on profits, but the more I watch the more I become fascinated. I feel as if im watching the whole series of pattern. Today is its first red day. im curious if there will be panic selling or shorting for a nice dip buy.

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verizonwired

By far, the one thing I needed most starting off. Today I may have won, but I chased a stock and traded with too much capital. Edit @ 3pm: Plus side: $SWN is doing what I said it would. Up in the morning, back down a little below its open in the late more early afternoon, back up close to its highs end of the day. Where I chased it yesterday. I feel the FOMO kicking in. But I need to reassure myself. I saw it sunday night and made a plan. Monday I didnt follow the plan and lost but bought back into my plan. My plan made me money. I made money on this trade that I had a plan for, maybe not all the monies to be made, but monies non the less. I feel better now. this shit is really about discipline and you versus yourself. https://youtu.be/riEVth7L1uA

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