Been busy with work, so I am selecting only a few stocks to watch every day and wait for a setup to come to me. I have missed tons of plays because of work but so far have made good choices and made some gains. Building up!
02/18 Market was slow. None of my stock patterns played out and out of FOMO I forced plays. While cut loses quickly at every play, the most important result was to learn that when the market is slow and the plays aren't coming to you, don't force it.
Today expected stock patterns came out to play as expected. Different to the day before, the market was more happy today. Again, important to understand how the overall market behavior impacts your plays.
Last few days I have been doing better. Recovering from my initial loses.
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Decided that I'm stepping back a bit to go over finding the right plays and building my watchlists. I have been missing tons of plays by watching stocks that play out opposite of what I am expecting. There why I have been loosing money. I am going take a couple weeks reviewing patterns/setups and try some paper trading. I have been concentrated in listed stocks and missing out OTCs.
Paper trading during the week helped me to understand what I am going to do to restart trading. The go is with listed stocks, as risk management wise for my small $2k account it is easier to control loses, as it is easier to control my emotions and FOMO. Can keep taking small positions and have small gains pile up and grow my account little by little. During the weekend I will go over my strategy, to stablish my playbook for next week, and keep studying which is helping me understand more and mo
Tried 3 times today to trade, E*Trade was overwhelmed early morning. Decided to desist and dedicate my time to study. Better adding value to my knowledge account than losing money from my hard earn money on bad executions.
@BudFawks I am having difficulties to ID good stocks, so I am working on my criteria to scan and identify good opportunities. I have mentioned this issue in a few of my trades or comments. Yep, you caught me there! :S
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@Gjohns8610 YES! Narrow your approach. Focus on mastering a setup that seems to resonate with you. Exploit your strengths, protect your weaknesses.
@Wallen2016 I struggled for three years. It's all coming together like RIGHT NOW. You will get there if you don't quit!
master one set up ignore everything else track and small size
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Today stocks on my watchlist did not went the way I thought they would. Plays were basically "Cut loses quickly" even when ended green. Loses from prior day where great loses in terms of learning experience, as "hands on the trigger" as Tim mentions several time through his video lessons is a real saver, key for cutting loses quickly. Follow your Rules & Strategies, put your emotions aside and react, don't think
Today I managed to execute following Rules & Strategies, fought FOMO and got results. It is about the process, not the money. "If you build it, he will come" -- Field of Dreams movie (1989)
Second day working on following Rules & Strategies. Did work well with $CNET for a win, but I executed out of FOMO with JAGX instead of waiting for it to happen losing. Still, positive day.
Beginning of the second week. Still fighting my demons. So far, looking things with a cold mind and heart: Watchlist building, analysis process so far showing good opportunity in 2 out of 3 stocks added (GOOD). When executing with cold head/hear, waiting for things to happen, trades are positive. Nonetheless, FOMO and fear of losing are still kicking my ass here.
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A week after sending this email, I am just writing here my first week results. Lots to learn on a personal level. My insecurities and FOMO are taking the best of me and I am violating my own rules consistently which is the opposite of being consistent doing a good job. So far, I am able to ID good Dip-Buy setups on listed stocks, but I am missing the mark. So far the balance is ZERO, so I lost everything I made so far. Doesn't sound that bad, but it is until I learn to don't let my emotions dict
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@jetomev just became a fully transparent trader today!
Just became a challenge student today. Excited of being able to learn and work close to so many amazing people: Tim, the whole team, and all of you fellow traders.
Second week on @timothysykes Challenge. Long road ahead, enjoying every step and looking forward for more. No trading with real money yet, only paper trading to put learning to the test and learn more from practicing before jumping into the water.


@BudFawks Thank you Bud. Since I have a small cash account and not under PDT rules, I have created rules and strategies to help me to limit my plays and my FOMO lol. It is working, as I move forward I modify them based on what I learn works for me.
I liked the idea, it's expected that all this luxury will be from this beautiful game https://candy-crush.io
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