It happened again! I'm very surprised that I am surprised about it. I've been studying double time for 10+ hours a day for about two months. All the right information is in my head. I had two stocks in my watch list from yesterday that I posted here http://profit.ly/user/DKingston/watchlist/earnings-winners-for-11-19-2015. It was VUZI and BOOT. Same scenario as yesterday. They hit key levels of support AS indicated in my watch list and mostly continued up trending all day. These were extremely safe patterns to buy into!
I got caught up chasing one of Tim's alerts. If you have seen any of his DVDs then you would know this is a huge NO NO. Chasing is one of the worst things you can do in stocks. From this point forward I will attempt to look at chasing like a less than favorable chart pattern to help avoid this rookie mistake. With a non ideal chart pattern there isn't any money to be made anyways. Tim's alerts are for educational purposes ONLY. Once again had I followed my plans I would be up roughly 300+ dollars today. The title is a bit of a joke because I can do all the work properly, but can't execute appropriately. I admit that I was even watching VUZI at the dip around 5.66. I try not to use shoulda woulda coulda in my vocabulary as a trader, but something is to be said about these experiences that continue to happen.
If you are reading this then there is something to be learned. Always make a plan before going into a trade and TRADE THE PLAN! What is the point of making a plan if you are not going to trade it? Do not learn these lessons the hard way. Take it from me that Tim's strategy really is useful!! Now I go into the final trading day of the week with one day trade left having sniped out 4 perfect trading opportunities that would have made me several hundreds of dollars, BUT I TRADED NOT ONE OF THEM..... Onto the next earnings winner dip buy!!!!
You're on the right track by realizing this. Having a plan is a must be being able to follow it takes a lot more discipline. We've all been there, just takes time and unfortunately it usually costs us some $ to learn a lesson here and there. All part of it...
is it not illegal to start a stock pick newsletter? i mean you have to be a registrated financial advisor or a stockbroker.
LOL
Self sufficiency is key
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