New Challenge Student. Just my study thoughts. Recently started trading. Not expecting anyone to read this. For "diary" purposes only.

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Been awhile since I wrote in this blog, but got a binder quickly filling with notes from the webinars, DVD's, and daily lessons.

Most important lesson so far is tracking my trades.  Took six losses in a row before the most recent win. Common denominators on the losses: (1) slow on the entry/exit due to fumbling with the E*Trade app and (2) chasing because of the slow execution.

Took a few days to paper trade and reset mentally...then got the small win on XTNT.  Definitely learning patience to not chase.  If I miss the entry, oh well! These patterns repeat, just study and wait for the next perfect set-up.  Also, learning to get executed faster.

These morning spikes happen in the first 3-4 minutes sometimes, have to be efficient with pre-staging the drop down menus etc on E*Trade.  Plus, have pre-established key technical b/o points, support levels, exit points, etc in writing.  

Be patient. Plan. And stick to the plan!

Proud of myself that the past two days, I studied, prepped my watch list, and watched the chart unfold...but didn't trade due to the price-action or volume not playing out the way I wanted.  Becoming a more disciplined, conservative, and safer trader!  

Gotta study my eyeballs off this weekend and excited for opportunities for green days next week. 

#sniperlife