As I post my first entry, I look back on over seven years with Sykes on my journey to become a PROFITABLE penny stock day trader. During that time, I retired after over forty years of work, and traded my first profession for a second, finding myself in front of my twin 32" monitors every morning for an hour of premarket followed by 1-2 hours of trading every day. In the almost three years of trading since retirement, I can count on one hand the number of days I have missed, and I have dug the ho
I have dug the hole deeper and deeper. And yet, through persistence and perseverence, I can now see light at the end of the tunnel. I still make mistakes, but knowing I'll get out of a poor trade quickly gives me the confidence to enter more potentially winning trades until I narrow down what makes for a very good trade. The one thing that seems to have helped the most in my journey is the profitly feature of posting your trade. But not just posting the trade, but using the comment box to deline
To delineate what you bought, why then, and what did you expect to happen. This way, you have to type out your thoughts and they are the lessons you will learn the quickest. To those of you in chat who do not post your trades, I have two comments to make. First, you are overlooking the most powerful tool you have to become a better trader. Having to face your mistakes head on is the fastest way to learn from them. Second, the non-posters remind me of a friend who frequents the casinos and never
Never has any losses. At least, we never hear of any losses. To become profitable, you have to be honest with others and yourself. If this is truly a goal, do not take short cuts, and be willing to grunt it out. As the knowledge account grows, you will find yourself making more profitable trades, and then the money account will follow. Here's hoping you have the inner strength to keep going when things are not in your favor. Stay with it, and your time will come.
As I post my first entry, I look back on over seven years with Sykes on my journey to become a PROFITABLE penny stock day trader. During that time, I retired after over forty years of work, and traded my first profession for a second, finding myself in front of my twin 32" monitors every morning for an hour of premarket followed by 1-2 hours of trading every day. In the almost three years of trading since retirement, I can count on one hand the number of days I have missed, and I have dug the ho
I have dug the hole deeper and deeper. And yet, through persistence and perseverence, I can now see light at the end of the tunnel. I still make mistakes, but knowing I'll get out of a poor trade quickly gives me the confidence to enter more potentially winning trades until I narrow down what makes for a very good trade. The one thing that seems to have helped the most in my journey is the profitly feature of posting your trade. But not just posting the trade, but using the comment box to deline
To delineate what you bought, why then, and what did you expect to happen. This way, you have to type out your thoughts and they are the lessons you will learn the quickest. To those of you in chat who do not post your trades, I have two comments to make. First, you are overlooking the most powerful tool you have to become a better trader. Having to face your mistakes head on is the fastest way to learn from them. Second, the non-posters remind me of a friend who frequents the casinos and never
Never has any losses. At least, we never hear of any losses. To become profitable, you have to be honest with others and yourself. If this is truly a goal, do not take short cuts, and be willing to grunt it out. As the knowledge account grows, you will find yourself making more profitable trades, and then the money account will follow. Here's hoping you have the inner strength to keep going when things are not in your favor. Stay with it, and your time will come.
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