Although, I joined Tim’s Challenge in December 2017, I made backwards progress by jumping in a trading method that I did not master completely. I have to admit that Tim’s advice to “study, study, study” is the correct one. I had some success with the penny stocks , but I took losses to offset those gains. The market downturn took care of my larger positions and I found myself in February down 70% in my portfolio. I took a break and reassess my strategy. It wasn’t a short one as I needed to regain my balance. I jumped back in in April with more patience at the entry and less patience for exiting positions that turn against my assumptions. As a result, I have currently only executed 11 trades (another good advice from Tim: “do not overtrade!”) and only 3 losses (all that I could have avoided). I feel that I can maintain the same consistency from now on. More studying will enable me to go outside of my current comfort zone into the quicker intraday penny stock movers, my actual goal when I joined Tim’s Challenge. Let’s see…
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