My thought and notes from today.

Volume is of major importance and Tim harps on this for a good reason.  I knew this was important but somehow I overlooked it when researching this morning.  I had made a screener a few days ago to find some symbols to research on.  I settled on TRXC.  I just can't seem to stay away from live trades but the urge to jump in is slowly getting better but I don't have it quelled all the way just yet.  I ended up going against my better judgement and bought some TRXC.  I only bought 200 because I am scared and I don't know much at all.  I also learned that it is not a good idea to jump the minute the bell rings.  My goal is in at .56 and out at .60.  I set the sell limit at .60.  Hopefully this automatically happens.  This is not enough to cover my fee's but it is learning.

I should have stuck with what was on my 5/12 Channel up Watchlist if I was going to dive in again.  I might have done well.  4 of the 7 have gone up and I would have already been out if I had picked the right one. 

I also need to learn to ignore the Recommendation Trends on the Yahoo Finance page.  They NEVER seem to be right for what I am trying to learn here.

The volume on the Yahoo Finance page is kinda misleading too.  The volume that I need to watch is the volume on the daily in-depth charts.

I need to stay with the paper trading on the very basic paper trading place I found.  The lure to do active trades is high.

Re-iterating to self again.  Remember that once you buy it is not an entire day thing most of the time.  It is minute by minute.

When getting involved with a quote stop thinking that you have to buy it at the current opening price.  Remember to set your buy limit lower to get dip prices (or watch it for the dip) and watch it all day.  If things go south with news about the stock then cancel the buy order.

I also need to remember that stock trading is not the same as investing.  This is something that is a big change from life insurance and such. This is a hurdle for me.  Learning curves suck but are part of life.  This is watch for a time, make your plan, then when executing remember it is generally a one day in and out while watching the changes on a minute by minute basis till you are out.

It is now 11:30 am CST and Zacks just posted that they have now changed their rating from a hold to a buy based on a recent research note and they have a price target of .75.  A quandry - do I leave my sell at .60 or change it?  I did my sell limit at .60 even though I had estimated that it would probably go to .75 last night.

It closed down.  Now I am holding this to see what happens in the next few days.  I will leave the sell at .60 unless some major news comes out.

Getting rid of pre-concieved notions about stock trading is an education.

I AM LEARNING AND WILL BE A WINNER SOON.

Tonight I am going through some Think or Swim videos to learn how to use Think or Swim.  If I have time I will get in more Tim vids.

 

PS - I did learn the interactive chart link on Yahoo Financials allows me to see the volume traded in more detail.  Baby Steps.