I missed the 2 previous weeks as I was really pissed of about the results of week N.17 and I took few days off trading to refresh my mind and to study, then I lost track of my results and I had to spend a lot of time to write my comments as I had hard time to retrace the events.
Anyway week N. 17 was pretty bad, I had 6 negative trades of 7 and 1 of them was a revenge one that's why I was so pissed off as I hate that kind of mistakes.
On week N.18 I started trading with really tiny sizes between $20 and $120 as I was sick and tired of losing money and I thought I could practice and test my strategies the same with less risk. At the end it wasn't so bad, 50% of wins starting from the middle of the week so maybe something was changing...
On week N.19 I got 7 wins of 8 trades so I think that maybe I'm in the right track I just need to stay focused, continue study every day and avoid illiquid stocks for intraday trades.
All my wins were LONG strategies with 10% avg profit, 2 of them swing trades, I think that all the recent earning winners have helped me a lot to get those results.
I also successfully paper traded a couple of low price penny stocks as I didn't want to waste a lot of money in commissions, luckily I have IB and for all the other trades it's costing me only $1 each but when you buy 10K or 100K shares you pay $20/25 and it's not worth it if you're just practicing with small $ amount.
Last week I bought and read "The complete penny stock course book", if you're not a veteran I highly suggest you to buy and read it too, my review follows.
Starting from next week I'm going to size up a little bit to avg $500/1000 per trade and see if I can start to recover my previous losses. In any case I'll be very careful and look only for the best set-ups otherwise I'll stay seat on my hands.
My recents wins gave me new good and positive energy I really need it to move forward, I love trading and I have no doubt I'm going to be successful but I'm human too and sometimes I need some kind of prize and assurance that everything is going to be good :)




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