Maybe as a comment: don't take the trades so personally. I read Random Walk Down Wall Street and it helped me realize the element of randomness in trading stocks. While there is some strategy involved, there is also an element of chance. Being less affected by the chance piece may provide a steadier hand on the strategy piece. Good luck on year 2!

That is some sage advice.

I use Mac Notes, I keep a daily log, whether I trade or not. I will screen cap a ticker I am focused on and will make notes on the screen cap on Photoshop marking my entry and exit and make notes on my thoughts about the trade while I am in the trade. I am NOT a great trader, not incredibly active, and generally a slow learner :( so the effort make for a better learning experience for me at least.

here is my trading tracking spread sheet if u want any ideas https://profit.ly/500Dix

@HimmenyDiggaley thanks I'll check that out now 😀

@Deshackled I like the sound of that I'm a similar type trader too.

I hesitated to upload my losers too. But it is cathartic to do so - acknowledge that you lost by posting. Holding onto the loss by not posting doesn't let you move on. Sucks to admit it publicly but it's the best thing you can do - clears the space for new trades to happen. Good luck!

AND trade smaller - looks like your position sizes are too big for your confidence. Go back to 100 trades and see if that gets you moving.

made a fast $200

good job! i saw your post this morning and meant to look into this but got sidetracked.

btw, were you watching this previously, or did you just see the early morning volume?

I had this on my watch list for today

Hmm I see, it seems to have a strong support at 1.00, dropped to it twice in Friday's and then jumped. You think new support might be 1.08? I appreciate the insight btw :)

A question about GSAT. I am watching this too, but something that worries me is the 450m float and the 20% short interest. Seems like a lot of downward pressure to overcome. Am I wrong to consider this a red flag?

well im not an expert but i would say the short interest is accualy a good thing because they have a meeting with investors comming up. if the price starts to shoot up the shorts are gonna get squeezed and that will actully make the price go higher. again itl depend on the conclusion of the meeting.

While short interest is good, but doesn't the 450m float count this out as a potential short squeeze? If it were low float, like 8m with the average volume at 8m, then I see a potential short squeeze. Just seems there is plenty of shares to meet demand. IDK, I may be way off mark in my understanding.

Bro, robinhood has better execution than fidelity. You need a new broker. I've heard the good one's are; Etrade, Interactive brokers, speedtrader, and ThinkOrSwim.

I have a Fidelity (which is a retirement account) and ThinkorSwim (set up for paper trading, but I swith to "live" mode when making a trade) I use TOS Live to watch what the ticker is doing and Fidelity to place orders. It is sort of a Poor Mans Way (but that is what I am). The plan is to eventually peel off gains from the retirement account and fund an account with TOS. Fidelity does have a platform called Active Trader Pro but I don't have enough trades to qualify for it and I like TOS a lot s

got cut off.... TOS is prolly where I will end up.

I'll post my watch list tonight of potential breakouts I'm watching, but who knows.

I feel the same way. volume doesn't seem to be there (in the stocks I've been watching) BTW, I am long-biased as well, and for the same reason as you. until I see setups I like for penny stocks I am in ETF's for a little bit.

If you are feeling uncomfortable in a trade that isn't going your way then get out. Aim small, Lose small

disclaimer : I AM A NEWB. But I don't see a catalyst and the volume is fading 45 minutes into the day. I wouldn't hold. If I bought in the morning I would be worried that I was chasing a leprechaun.

The number is a guide. It is found by dividing the short interest (as found on Yahoo Finance or such) by the average 100 day volume. Assuming shorts were the only buyers and all the shorts tried to cover, that is how many days it would take for them to cover. From 0-5 not really that signifcant of a factor. 5-10 and on good news or technical break out it ould add momentum to a trade. Over 10 and the fireworks could start on any kind of significant news.

Deshacled - Thanks for the feed back. It is greatly appreciated.

Thanks bud, was lost a bit with no research yesterday :P

APRI im was watching that as well, thanks for sharing

Btw, so that you might learn from my loss. I bot $8000 dollars 5k above my "rule" so I was edgy as shit during the trade. It dipped and I was in a panic and I sold to avoid a bigger loss. The lesson being STICK TO YOUR RULES, don't go so deep that your nerves are tender, I should have held but had WAY too much on the table.

@Deshackled so, were you going long or short?

Long

I was long