Finally, in December 2020 I decided to become a Challenge Student, a few years back I almost did it, but family and social pressure stopped me from doing it. After years of hearing what others had to say and let that play a part in my decisions, I decided to part ways with them and go with it, learn the ropes of trading, and dedicate myself to it, full time. I took me a 2020 Covid-19 Pandemic, the closing of my family restaurant business and failing at “looking for a job” to realize that I was not working on the path I wanted to take, but someone else’s. Well, screw that.

Here I am. After reviewing around 200 of Tim’s videos on YouTube I finally decided to get into the Challenge. Right now, I am studying every day 4 to 8 hours plus trading hours, taking my time to understand what I am reading, review trading videos, watch stocks behaviors and confirm my recently acquired knowledge, and little by little build my own strategies and test them Paper Trading. A total of 8 to 10 hours a day of dedication and, having lots of fun.

After a month I finally decided to get into real trading with a live account and I am using this blogpost to record some of my journey’s decisions, occurrences, and stories.

HERE, my starting strategy.

My account opening balance is $2,000.00

My initial strategy is to:

·         Trade listed stocks between $1 and $5

·         Positions of 10% of account total

·         Top 3 to 5 trades a day (no vengeance trading)

·         With Catalyst and history

·         Pre-Market / Morning spikers / Dip Buys

·         Also, Wolf’s Cap & Crap strategy concept (planning on getting into his classes next year)

·         Pre-Market with good volume (more than 1mil, preferable 2x float), speed, and depth

·         +30% price increase pre-market

·         Trading hours from 8am to 10am. Hours I have been more effective doing paper trading

·         Expecting gains of 5% - 10% in 3 – 7min period

·         Cutting loses quickly between -1% - 1% (I do not consider 1% a gain but a loss)

·         I will publish all my trades, good and bad

Do not wish me luck, I do not believe in luck for this type of enterprises, I strongly believe that we make our own paths with hard work, dedication, and passion. Luck is for those that believe in miracles.