So for March I did a lot better than February. Once again I only traded 5 times, the first 4 were green and the last trade i did, which was yesterday on $FNMA was a loss. I wanna start by talking about my loss. So i took a trade on $FNMA, probably at least half of my decision to trade it was based on FOMO. the other half was a combination of conviction, lack of plays, and the r/r on it. First off I barely ever trade OTCs, second I never trade breakouts, third i am very impatient. So taking a trade on $FNMA when it was just barely moving was just not my style. I also didn’t have like a clear strategy i was playing. It was like I figured that because all these people in the chatroom was getting excited about $FNMA that it would probably just be another one of those stocks that the chatroom banks on and i miss out on, and i know a lot of time those stocks just slowly uptrend all day. So i looked at the chart and saw that the 52week high was only like 15cents or less away. So i was thinking that it would probably just grind up and reach that point and breakout to new highs and i could sell for a 10-20% and there was not a big chance of it just crashing big and me losing a lot, so the r/r was good, but the set up itself wasn’t and even if the set-up was great, it wasn’t even my type of play. So i shouldn’t have took the trade in the first place. It looked like $FNMA was starting to move up a little quicker and i didn’t want to miss it so I went ahead and bought 300 shares at $3.05, which is a decent sized position for me but not too much considering my risk level was going to be like 16cents and with commissions i’d lose around $60 which is ok for me, a little bigger than i’d like, but nothing to worry me and i knew i’d easily be able to get out easily because it wasn’t crazy volatile or up a ton already so there wasn’t going to be a big crash past my risk. Anyways so i’m in this trade and almost instantly it goes down like 10cents and is in a little range under my entry, but i wanted to be patient to learn how these OTCs work and what-not, but i really had no business being in the trade, and not too much longer afterwards i kinda realized that i took a trade i shouldn’t’ve and so I was like, I should just get out of this and take the small loss and look for something else or just not trade. So i just got out at 2.98 for a $35 loss and it didn’t really hurt me in anyway, just felt a little disappointed i lost money but i was happy i was out of that trade and i didn’t lose more money and i didn’t have to watch the stock all day like i was planning to. So overall the lesson i learned from this was STICK TO WHAT YOU KNOW WHEN YOU’RE STARTING TO HAVE SOME SUCCESS AND DO NOT GIVE IN TO THE REST!!!! So before that trade, i was 4 for 4 trading, all green (not the biggest gains) but i was using small size and i managed to have two trades where i made at least 10% for the first time in a month, AND one of my trades i was up over 20% at one point but it was with small size and i wanted to be more patient then i got emotional and sold when it came close to my entry, it then spiked to new highs, so i ended up with a 4.71% gain instead of a 20-40% like i easily could’ve. But i wasn’t too upset with that because I knew from as soon as I got in that it was going to be a play to gain patience and confidence. So really I had 3 great %gain trades, i just didn’t lock one in (which i’ve never done before(like have a big %gain and not lock it in)). So really i’m improving my trades, i just still need to get better at taking more of these good trades that i predict but miss out on due to fear and lack of conviction (or lack of kahunas?‍♂️). Like there’s still more trades i should(and able to) take than trades that i do take and that’s what i really need to get better with it. I need to trade more. Not the stupid shit like $FNMA but the trades I miss like $CLWT $GBR $SFET $TTOO $ATOS and those are just a few that comes up when i search my mac for “missed trade” because i save charts of the stocks I think i should trade after i miss the play, they aren’t stocks that i saw afterwards and was like damn i should’ve taken that, i save the ones that in the moment i’m looking at and messing with an order but i don’t take it then it goes up. So yeah I still am working on my Confidence and my patience, i feel that my patience is getting better. Either that or/and i’m getting better with handling my emotions once i actually get into a trade, but i’m also using small size in pretty much all my trading just to help me get into the trade. This would have been the most money i’ve ever made in a month but that $FNMA loss made up exactly $1 less than i made in January. I think that happened to keep my perspective in place, because I still have a lot to learn and I can’t get ahead of myself.

Overall i’m still scared to trade and that is holding be back, i believe that once i actually am not afraid to take a trade and i can get in a trade when i feel like it has good odds& good risk/reward without hesitating, i think i’ll be making money more often than not, and that will just spark something, like rolling a small snowball down a huge snowy hill, it’s gonna keep getting bigger and bigger. I think that i’ll start making money on more trades than not which is gonna make me more confident which is gonna lead to taking more trade which will lead to more money and I think that’ll also get me more into my studying and I’ll see what i know better and better, and all sorts of good stuff will be happening for me by me because of how i know I work and how certain things jumpstart other things and how certain things will cause me to have a bigger drive to do more and more. It’s hard to put to words but I know exactly what i’m talking about. So i need to take more trades, be less afraid of losing money, and see how i do with trading more and go from there.
Also I am considering combining my two small accounts, I mainly trade out of IB and i rarely trade with Etrade & i almost always lose money when i use that account. Plus I cannot short at IB (which i don’t even do) and I cant trade OTCs at IB (which I suck at and really don’t do often) so it’s like, it’d prevent me from doing some dumb stuff that I don’t need to do. I am currently up $49.20 in my Ib account (after dropping it almost $500 and building my way back up) and I am down $316.10 in my Etrade account. Mentally I do not like seeing that I’m down in that account and almost every attempt to build it up makes it worse, so I feel like if i just combine those accounts into just IB then i’ll be trading where I am comfortable and I can just grow that account back to the original $6200 i put into my trading accounts (that’s the total from both accounts, i did not put that in each). I think that It would be a good idea but i dont like the fact that i wouldn’t be able to buy the morning panic on a OTC (which is one of the only things i would like to be able to do with Etrade) but even that i have barely traded and i think I’ve only profited once, a few months ago on $CVSI. So that will be a decision I’ll make this month most likely, i’ll think about if i wanna shut down that Etrade account or not. Overall i love how i’m progressing, i just feel like i need to study more than i have been the past month or two, and I need to work on Confidence, and patience/ sticking to my plan once i’m in a trade.

Let me know your thoughts, any comments or anything at all :)