***I write this blog as a journal of my trading activities. If it helps you, great. I appreciate comments, questions, answers, and critiques.***
Buying Power: $1396.06
Weekly Gains: $13.45
All Time: $(103.94)
8:27 AM - Watching $AKRX with P/M momentum and volume. Watching $CHFS as an earnings play. Wathcing $HSDT as a PR play.
ORACLE has started to put it's list together with multiple currently showing as buy possibilities but it is still early.
$UAVS announced an offering at $1.06 so should be interesting to watch. Still not 100% certain how they work but it is usually not a good thing, especially since it was trading in the $1.40s.
9:48 AM - Missed $CHAP on it's ORACLE call and it is booming. Got to figure out how not to miss these ORACLE plays.
10:12 AM - Bought 500 $VISL @.32 on what looks like good trend and volume.
10:36 AM - Sold $VISL @.32 for no loss/gain. It wasnt going anywhere.
10:51 AM Bought 500 $HSDT at .70 on a nice trend upward with decent volume.
11:06 AM Sold $HSDT @.66 for a $20 loss. It tanked hard and quick.
11:30 AM - Wasn't watching $MVIS which irritates me because I missed a huge ramp up.
12:51 PM - Bought 300 $EMAN @.78 in what seemed to be a good green pattern.
1:23 PM - Sold $EMAN @.73 for a $15 loss. I am not doing well today. Time to stop trading and observe and learn.
5:30 PM - Started reading The Complete Penny Stocking Course with a different mindset.
7:56 PM - Need to learn more about the Ninja Turtle Risk Management System.
8:09 PM - Done for the night. Got half way through chapter 2 of the book. Will continue tomorrow.
A couple of tips I see. You trade all day. Learn your time of day you do well at (first half hour to 1 hour of open works for me) Also you're overtrading. Try to focus on one good setup for the day, maybe 2. Don't chase a play because it's moving. Weigh all of the running stocks and pick one or 2 solid choices for the day.
Also before you buy, ask yourself "Am I possibly buying too high" Does this even look like it has more room to run or am I chasing when the move is pretty much already done. Utilize past resistance areas on the longer term chart. If a chart doesn't even have a solid resistance level in the past then that means the stock is "choppy". Other traders like myself see there is no real defined resistance either and it'll hinder them from wanting to buy. This is all a psychological game. Learn how the o
other traders think and you'll do fine. Good luck!
@Tunde1306 Thank you for the advice. It is all true and things I need to do to get better.
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