I told myself I would at least write monthly on my wall and haven't so I will do better. I'm now in month 7 of my pennystocking journey, and this month has been my largest month of losses ever. So I'm taking a small break to analyze all of my trades as to what I did right and what I did wrong. I bought the book that Jamil recommended about The Psychology Book for Traders. I'm loving it! What I've been going through in July with my losses relates 100% to what the author is saying, so I know this book is helping me. My experience account is definitely growing, same with knowledge, so eventually my trading account balance should catch up.

So another month behind me. Month 3 trading penny stocks. As I study more, I've noticed that my trading skills improve and my trading results for March reflected that. This month I had my largest gain of ENRJ ($232.40) but also my largest loss of POTN ($103.50) by blindly following Tim's alert. So definitely I LEARNED A LOT this month of what to do and what not to do. Only traded 10 times the whole month which is in line with my plan of 2-3 trades per week or 12 times per month. Had a net gain after commissions of $74.09, so my account is slowly growing one trade at a time with the right mindset and trading habits that I'm developing. I purchased Penny Stocking Framework Part Deux, and I'm so excited to learn much more from that. Have only watched the first 3 hours at this point. Tim posted more, so guess what I will be doing all this week at night? Studying, studying, studying. My trading goal for April is to double my overall profits from $74 to $148.

So I thought each month I would write a journal entry post to tell myself how I did that month. One habit that I've developed that has helped my trading is on my 40 minute drive home from work I ask myself talking out load "what did I do right? What did I do wrong?". I do this every day. I know that this daily self reflection exercise has helped me because my first month of trading penny stocks in January, I traded 19 times (42% winning) but only made $0.05 in profits but an overall loss of $264 after commissions. Bottom line: I over-traded. In February, I went back to studying more and more and finished watching Tim's How To Make Millions DVD, and watched all of his videos he sent out in February. A big take away for me in February was "sometimes the best trade is no trade at all." So I taught myself patience all month looking at the best setups I was comfortable with. In February I traded only 6 times (67% winning) and made $42 in profits but still an overall loss of $42 after commissions, but still I AM DANG PROUD OF MYSELF for trading less and making more money than my first month working towards slowly building my account $50-100 at a time. I keep telling myself that Tim tells us "1000 trades x $1000/profit = $1M". That is my marathon goal. In March I want to focus solely on buying morning dips.

@GooniesTrader81 just became a fully transparent trader today!